HIG vs WRB: Correlation
How closely do Hartford (The) (HIG) and W. R. Berkley Corporation (WRB) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and WRB?
Across a 3-year window, the weekly returns of HIG and WRB correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 319.2 %².
Among the 49 assets we track against HIG, WRB ranks #4 by 3-year correlation. On 12-month performance HIG holds a 7.4-point edge, +5.4% against -2.0%. On a rolling one-year basis the correlation drifted between 0.58 and 0.83, a moderate band.
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 WRB: side by side
| HIG (Hartford (The)) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +5.4% | -2.0% |
| 5-year return | +127.4% | +130.5% |
| Volatility (ann.) | 19.5% | 22.5% |
| Beta vs S&P 500 | 0.39 | 0.19 |
| Max drawdown (3Y) | -13.7% | -17.6% |
| Market cap | $37.3B | $25.4B |
| P/E (trailing) | 9.7 | 14.1 |
| Dividend yield | 1.66% | 0.54% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HIG | WRB |
|---|---|---|
| 2022 | +12.3% | +33.9% |
| 2023 | +8.5% | +0.2% |
| 2024 | +38.5% | +27.2% |
| 2025 | +28.1% | +23.0% |
| 2026 | +0.9% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and WRB good diversifiers for each other?
Only partially. A correlation of 0.73 means HIG and WRB 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 WRB?
As of 2026-08-27, the correlation of weekly returns between HIG and WRB is 0.73 over 3 years, 0.69 over 1 year and 0.70 over 5 years.
Is WRB a good diversifier for HIG?
Only partially. A correlation of 0.73 means HIG and WRB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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
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Related comparisons
Hubs: HIG correlations · WRB correlations
