HG vs. SPY
HG (Hamilton Insurance Group Ltd.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, HG returned 61.97% vs 26.65% for SPY. At a 0.14 correlation, their price movements are largely independent.
Performance
HG vs. SPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HG achieves a 21.39% return, which is significantly higher than SPY's 9.74% return.
HG
- 1D
- 0.86%
- 1M
- 0.32%
- YTD
- 21.39%
- 6M
- 19.38%
- 1Y
- 61.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.74%
- 6M
- 9.27%
- 1Y
- 26.65%
- 3Y*
- 21.27%
- 5Y*
- 13.51%
- 10Y*
- 15.70%
HG vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 21.39% | 46.61% | 27.29% | -1.97% |
SPY State Street SPDR S&P 500 ETF | 9.74% | 17.72% | 24.89% | 10.00% |
Correlation
The correlation between HG and SPY is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HG vs. SPY — Risk / Return Rank
HG
SPY
HG vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Insurance Group Ltd. (HG) and State Street SPDR S&P 500 ETF (SPY). 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.
| HG | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 3.01 | +1.90 |
| Martin ratioReturn relative to average drawdown | 17.26 | 13.54 | +3.73 |
Loading charts...
Drawdowns
HG vs. SPY - Drawdown Comparison
The maximum HG drawdown since its inception was -21.07%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HG and SPY.
Loading charts...
Drawdown Indicators
| HG | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.07% | -55.19% | +34.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -8.88% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -3.48% | -1.75% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -9.04% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 1.97% | +1.63% |
Volatility
HG vs. SPY - Volatility Comparison
Hamilton Insurance Group Ltd. (HG) has a higher volatility of 8.09% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that HG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HG | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 4.64% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 9.75% | +8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.76% | 12.43% | +15.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 17.14% | +14.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.31% | 17.99% | +13.32% |
Dividends
HG vs. SPY - Dividend Comparison
HG's dividend yield for the trailing twelve months is around 6.32%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
HG and SPY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HG has higher volatility (8.09%) compared to SPY (4.64%). In terms of maximum drawdown, HG dropped -21.07% vs SPY's -55.19%.
HG currently has the higher Sharpe Ratio (2.25 vs 2.16), 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.
Find the right allocation for HG and SPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer