HIG vs. BNY
HIG (The Hartford Financial Services Group, Inc.) and BNY (The Bank of New York Mellon Corporation) are both stocks. Both are in the Financial Services sector — HIG in Insurance - Diversified, BNY in Banks - Diversified. Over the past 10 years, HIG returned 13.84%/yr vs 16.57%/yr for BNY. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
HIG vs. BNY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIG achieves a -5.09% return, which is significantly lower than BNY's 25.07% return. Over the past 10 years, HIG has underperformed BNY with an annualized return of 13.84%, while BNY has yielded a comparatively higher 16.57% annualized return.
HIG
- 1D
- 0.95%
- 1M
- -1.81%
- YTD
- -5.09%
- 6M
- -3.33%
- 1Y
- 4.46%
- 3Y*
- 24.11%
- 5Y*
- 17.09%
- 10Y*
- 13.84%
BNY
- 1D
- 1.33%
- 1M
- 6.66%
- YTD
- 25.07%
- 6M
- 24.06%
- 1Y
- 63.51%
- 3Y*
- 52.23%
- 5Y*
- 26.82%
- 10Y*
- 16.57%
HIG vs. BNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIG The Hartford Financial Services Group, Inc. | -5.09% | 28.09% | 38.54% | 8.55% | 12.31% | 44.23% | -16.98% | 39.71% | -19.24% | 20.25% |
BNY The Bank of New York Mellon Corporation | 25.07% | 54.45% | 51.90% | 18.52% | -19.14% | 40.55% | -12.91% | 9.56% | -10.85% | 15.68% |
Correlation
The correlation between HIG and BNY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 1995 | 0.54 |
Over the past year, the correlation between HIG and BNY has dropped to 0.23 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
Fundamentals
HIG:
$19.00
BNY:
$8.43
HIG:
6.82
BNY:
17.07
HIG:
0.31
BNY:
0.84
HIG:
0.96
BNY:
2.50
HIG:
$28.76B
BNY:
$40.65B
HIG:
$10.29B
BNY:
$20.54B
HIG:
$4.43B
BNY:
$8.96B
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
HIG vs. BNY — Risk / Return Rank
HIG
BNY
HIG vs. BNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Financial Services Group, Inc. (HIG) and The Bank of New York Mellon Corporation (BNY). 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.
| HIG | BNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.51 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 6.29 | -5.90 |
| Martin ratioReturn relative to average drawdown | 1.00 | 17.79 | -16.79 |
Loading charts...
Drawdowns
HIG vs. BNY - Drawdown Comparison
The maximum HIG drawdown since its inception was -96.25%, which is greater than BNY's maximum drawdown of -72.28%. Use the drawdown chart below to compare losses from any high point for HIG and BNY.
Loading charts...
Drawdown Indicators
| HIG | BNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -72.28% | -23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -10.15% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -17.58% | +3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -40.45% | +21.82% |
Max Drawdown (10Y)Largest decline over 10 years | -57.59% | -50.49% | -7.10% |
Current DrawdownCurrent decline from peak | -8.87% | -0.03% | -8.84% |
Average DrawdownAverage peak-to-trough decline | -30.84% | -18.71% | -12.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 3.58% | +0.89% |
Volatility
HIG vs. BNY - Volatility Comparison
The Hartford Financial Services Group, Inc. (HIG) has a higher volatility of 7.49% compared to The Bank of New York Mellon Corporation (BNY) at 5.74%. This indicates that HIG's price experiences larger fluctuations and is considered to be riskier than BNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIG | BNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 5.74% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 16.13% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 20.11% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.03% | 24.61% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.12% | 27.06% | +2.06% |
Dividends
HIG vs. BNY - Dividend Comparison
HIG's dividend yield for the trailing twelve months is around 1.79%, more than BNY's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY The Bank of New York Mellon Corporation | 1.47% | 1.72% | 2.32% | 3.04% | 3.12% | 2.24% | 2.92% | 2.34% | 2.21% | 1.60% | 1.52% | 1.65% |
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
HIG vs. BNY - Financials Comparison
This section allows you to compare key financial metrics between The Hartford Financial Services Group, Inc. and The Bank of New York Mellon Corporation. 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
HIG vs. BNY - Profitability Comparison
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%.
BNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a gross profit of 5.42B and revenue of 9.86B. Therefore, the gross margin over that period was 54.9%.
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%.
BNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported an operating income of 2.02B and revenue of 9.86B, resulting in an operating margin of 20.4%.
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%.
BNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a net income of 1.63B and revenue of 9.86B, resulting in a net margin of 16.6%.
Frequently Asked Questions
HIG and BNY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIG has higher volatility (7.49%) compared to BNY (5.74%). In terms of maximum drawdown, HIG dropped -96.25% vs BNY's -72.28%.
BNY currently has the higher Sharpe Ratio (3.17 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.
Find the right allocation for HIG and BNY
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