HIG vs TRV: Correlation
How closely do Hartford (The) (HIG) and Travelers Companies (The) (TRV) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and TRV?
On 3 years of weekly data the HIG/TRV correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.76 over 3. The 5-year figure is 0.77, and annualized covariance runs at 309.1 %².
In HIG's tracked universe of 49 assets, TRV sits right near the top at #2. The last year tells two different stories: TRV led by 32.4 percentage points, +5.4% for HIG against +37.8% for TRV. The link looks structural: the rolling one-year correlation barely moved, holding between 0.69 and 0.88.
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 TRV: side by side
| HIG (Hartford (The)) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | +5.4% | +37.8% |
| 5-year return | +127.4% | +155.3% |
| Volatility (ann.) | 19.5% | 20.8% |
| Beta vs S&P 500 | 0.39 | 0.36 |
| Max drawdown (3Y) | -13.7% | -12.5% |
| Market cap | $37.3B | $77.0B |
| P/E (trailing) | 9.7 | 10.0 |
| Dividend yield | 1.66% | 1.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HIG | TRV |
|---|---|---|
| 2022 | +12.3% | +22.4% |
| 2023 | +8.5% | +3.9% |
| 2024 | +38.5% | +28.8% |
| 2025 | +28.1% | +22.4% |
| 2026 | +0.9% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and TRV good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HIG and TRV?
As of 2026-08-27, the correlation of weekly returns between HIG and TRV is 0.76 over 3 years, 0.73 over 1 year and 0.77 over 5 years.
Is TRV a good diversifier for HIG?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hig-vs-trv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hig-vs-trv/)
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Related comparisons
Hubs: HIG correlations · TRV correlations
