THG vs TRV: Correlation
How closely do Hanover Insurance Group Inc (THG) and Travelers Companies (The) (TRV) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THG and TRV?
Over the past 3 years, THG and TRV moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 266.4 %².
Among the 20 assets we track against THG, TRV ranks #7 by 3-year correlation. Their 12-month results are close: +33.1% for THG against +37.8% for TRV.
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.
THG vs TRV: side by side
| THG (Hanover Insurance Group Inc) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | +33.1% | +37.8% |
| 5-year return | +81.9% | +155.3% |
| Volatility (ann.) | 21.9% | 20.8% |
| Beta vs S&P 500 | 0.24 | 0.36 |
| Max drawdown (3Y) | -14.0% | -12.5% |
| Market cap | $7.9B | $77.0B |
| P/E (trailing) | 10.9 | 10.0 |
| Dividend yield | 1.64% | 1.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | THG | TRV |
|---|---|---|
| 2022 | +5.4% | +22.4% |
| 2023 | -7.6% | +3.9% |
| 2024 | +30.6% | +28.8% |
| 2025 | +20.7% | +22.4% |
| 2026 | +25.9% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THG and TRV good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between THG and TRV?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.57 over the last year and 0.57 over 5 years.
Is TRV a good diversifier for THG?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: THG correlations · TRV correlations
