HIG vs SIGI: Correlation
Hartford (The) (HIG) and Selective Insurance Group, Inc. (SIGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and SIGI?
Across a 3-year window, the weekly returns of HIG and SIGI correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.65 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 285.7 %².
Within HIG's tracked universe of 49 assets, SIGI comes in at #20 by 3-year correlation. The trailing year gives SIGI the advantage: +5.4% versus +19.1%, a 13.7-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HIG vs SIGI: side by side
| HIG (Hartford (The)) | SIGI (Selective Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | +5.4% | +19.1% |
| 5-year return | +127.4% | +18.8% |
| Volatility (ann.) | 19.5% | 25.4% |
| Beta vs S&P 500 | 0.39 | 0.32 |
| Max drawdown (3Y) | -13.7% | -30.5% |
| Market cap | $37.3B | $5.5B |
| P/E (trailing) | 9.7 | 11.5 |
| Dividend yield | 1.66% | 1.81% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HIG | SIGI |
|---|---|---|
| 2022 | +12.3% | +9.7% |
| 2023 | +8.5% | +13.7% |
| 2024 | +38.5% | -4.6% |
| 2025 | +28.1% | -8.8% |
| 2026 | +0.9% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and SIGI good diversifiers for each other?
Only partially. A correlation of 0.58 means HIG and SIGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HIG and SIGI?
The HIG/SIGI correlation stands at 0.58 on a 3-year window (1 year: 0.65, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SIGI a good diversifier for HIG?
Only partially. A correlation of 0.58 means HIG and SIGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hig-vs-sigi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hig-vs-sigi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HIG correlations · SIGI correlations
