AFG vs. HIG
AFG (American Financial Group, Inc.) and HIG (The Hartford Financial Services Group, Inc.) are both stocks. Both are in the Financial Services sector — AFG in Insurance - Property & Casualty, HIG in Insurance - Diversified. Over the past 10 years, AFG returned 14.79%/yr vs 14.23%/yr for HIG. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
AFG vs. HIG - Performance Comparison
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Returns By Period
In the year-to-date period, AFG achieves a 1.05% return, which is significantly higher than HIG's -5.17% return. Both investments have delivered pretty close results over the past 10 years, with AFG having a 14.79% annualized return and HIG not far behind at 14.23%.
AFG
- 1D
- 1.07%
- 1M
- -1.46%
- YTD
- 1.05%
- 6M
- 0.12%
- 1Y
- 14.56%
- 3Y*
- 11.52%
- 5Y*
- 10.48%
- 10Y*
- 14.79%
HIG
- 1D
- 0.97%
- 1M
- -4.34%
- YTD
- -5.17%
- 6M
- -6.36%
- 1Y
- 4.47%
- 3Y*
- 24.77%
- 5Y*
- 18.29%
- 10Y*
- 14.23%
AFG vs. HIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFG American Financial Group, Inc. | 1.05% | 5.45% | 23.79% | -7.61% | 10.91% | 93.83% | -16.18% | 27.10% | -13.04% | 29.20% |
HIG The Hartford Financial Services Group, Inc. | -5.17% | 28.09% | 38.54% | 8.55% | 12.31% | 44.23% | -16.98% | 39.71% | -19.24% | 20.25% |
Correlation
The correlation between AFG and HIG is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 1995 | 0.57 |
The correlation between AFG and HIG shifts across timeframes, from 0.57 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AFG:
$10.54
HIG:
$19.00
AFG:
12.74
HIG:
6.82
AFG:
1.37
HIG:
0.96
AFG:
$8.15B
HIG:
$28.76B
AFG:
$2.64B
HIG:
$10.29B
AFG:
$1.26B
HIG:
$4.43B
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Return for Risk
AFG vs. HIG — Risk / Return Rank
AFG
HIG
AFG vs. HIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Financial Group, Inc. (AFG) and The Hartford Financial Services Group, Inc. (HIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFG | HIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.39 | +0.72 |
| Martin ratioReturn relative to average drawdown | 2.06 | 0.97 | +1.10 |
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Drawdowns
AFG vs. HIG - Drawdown Comparison
The maximum AFG drawdown since its inception was -62.94%, smaller than the maximum HIG drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for AFG and HIG.
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Drawdown Indicators
| AFG | HIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.94% | -96.25% | +33.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -11.46% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.85% | -13.72% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.85% | -18.63% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -58.98% | -57.59% | -1.39% |
Current DrawdownCurrent decline from peak | -5.21% | -8.96% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -16.74% | -30.82% | +14.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 4.64% | +2.43% |
Volatility
AFG vs. HIG - Volatility Comparison
The current volatility for American Financial Group, Inc. (AFG) is 5.02%, while The Hartford Financial Services Group, Inc. (HIG) has a volatility of 7.12%. This indicates that AFG experiences smaller price fluctuations and is considered to be less risky than HIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFG | HIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 7.12% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 13.58% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 19.02% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 21.96% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.30% | 29.13% | +1.17% |
Dividends
AFG vs. HIG - Dividend Comparison
AFG's dividend yield for the trailing twelve months is around 5.44%, more than HIG's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFG American Financial Group, Inc. | 5.44% | 5.33% | 6.89% | 6.81% | 10.42% | 20.43% | 4.39% | 4.51% | 4.92% | 4.41% | 2.44% | 2.82% |
HIG The Hartford Financial Services Group, Inc. | 1.79% | 1.57% | 1.76% | 2.17% | 2.08% | 2.08% | 2.65% | 1.97% | 2.47% | 1.67% | 1.80% | 1.79% |
Financials
AFG vs. HIG - Financials Comparison
This section allows you to compare key financial metrics between American Financial Group, Inc. and The Hartford Financial Services Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AFG vs. HIG - Profitability Comparison
AFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Financial Group, Inc. reported a gross profit of 948.00M and revenue of 1.85B. Therefore, the gross margin over that period was 51.1%.
HIG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hartford Financial Services Group, Inc. reported a gross profit of 0.00 and revenue of 7.23B. Therefore, the gross margin over that period was 0.0%.
AFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Financial Group, Inc. reported an operating income of 239.00M and revenue of 1.85B, resulting in an operating margin of 12.9%.
HIG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hartford Financial Services Group, Inc. reported an operating income of 0.00 and revenue of 7.23B, resulting in an operating margin of 0.0%.
AFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Financial Group, Inc. reported a net income of 191.00M and revenue of 1.85B, resulting in a net margin of 10.3%.
HIG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hartford Financial Services Group, Inc. reported a net income of 856.00M and revenue of 7.23B, resulting in a net margin of 11.9%.
Frequently Asked Questions
AFG and HIG have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIG has higher volatility (7.12%) compared to AFG (5.02%). In terms of maximum drawdown, AFG dropped -62.94% vs HIG's -96.25%.
AFG currently has the higher Sharpe Ratio (0.76 vs 0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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