III.L vs. HCI

Last updated Jun 13, 2026

III.L (3I Group plc) and HCI (HCI Group, Inc.) are both stocks. Both are in the Financial Services sector — III.L in Investment Banking & Investment Services, HCI in Insurance - Property & Casualty. Over the past 10 years, III.L returned 19.84%/yr vs 22.37%/yr for HCI. At a 0.10 correlation, their price movements are largely independent.

Performance

III.L vs. HCI - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in 3I Group plc (III.L) and HCI Group, Inc. (HCI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

III.L is traded in GBp, while HCI is traded in USD. To make them comparable, the HCI values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, III.L achieves a -29.24% return, which is significantly lower than HCI's -15.44% return. Over the past 10 years, III.L has underperformed HCI with an annualized return of 19.84%, while HCI has yielded a comparatively higher 22.37% annualized return.

III.L

• 1D: 3.78%
• 1M: -4.63%
• YTD: -29.24%
• 6M: -26.18%
• 1Y: -43.66%
• 3Y*: 7.01%
• 5Y*: 16.34%
• 10Y*: 19.84%

HCI

• 1D: -0.94%
• 1M: 5.54%
• YTD: -15.44%
• 6M: -14.18%
• 1Y: 3.64%
• 3Y*: 39.80%
• 5Y*: 15.33%
• 10Y*: 22.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

III.L vs. HCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
III.L 3I Group plc	-29.24%	-6.44%	50.11%	85.46%	-3.46%	28.99%	9.36%	47.12%	-11.76%	33.70%
HCI HCI Group, Inc.	-15.44%	54.43%	37.82%	115.43%	-45.40%	64.28%	14.97%	-10.34%	86.42%	-28.32%

Correlation

The correlation between III.L and HCI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 15, 2008	0.10

Fundamentals

Market Cap III.L : £23.50B HCI : $2.07B
EPS III.L : £10.41 HCI : $24.40
PE Ratio III.L : 2.22 HCI : 6.58
PEG Ratio III.L : 0.27 HCI : 0.01
PS Ratio III.L : 10.82 HCI : 2.23
PB Ratio III.L : 0.76 HCI : 1.90
Total Revenue (TTM) III.L : £2.12B HCI : $927.48M
Gross Profit (TTM) III.L : £5.57B HCI : $617.14M
EBITDA (TTM) III.L : £9.82B HCI : $459.34M

Return for Risk

III.L vs. HCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

III.L

III.L Risk / Return Rank: 7
III.L Sharpe Ratio Rank: 5
III.L Sortino Ratio Rank: 8
III.L Omega Ratio Rank: 6
III.L Calmar Ratio Rank: 11
III.L Martin Ratio Rank: 4

HCI

HCI Risk / Return Rank: 42
HCI Sharpe Ratio Rank: 45
HCI Sortino Ratio Rank: 40
HCI Omega Ratio Rank: 39
HCI Calmar Ratio Rank: 44
HCI Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

III.L vs. HCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3I Group plc (III.L) and HCI Group, Inc. (HCI). 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.

	III.L	HCI	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	0.11	-1.12
Sortino ratio: Return per unit of downside risk	-1.34	0.40	-1.73
Omega ratio: Gain probability vs. loss probability	0.80	1.05	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.82	0.12	-0.94
Martin ratio: Return relative to average drawdown	-1.63	0.20	-1.83

III.L vs. HCI - Sharpe Ratio Comparison

The current III.L Sharpe Ratio is -1.00, which is lower than the HCI Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of III.L and HCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

III.L vs. HCI - Drawdown Comparison

The maximum III.L drawdown since its inception was -84.90%, which is greater than HCI's maximum drawdown of -74.43%. Use the drawdown chart below to compare losses from any high point for III.L and HCI.

Drawdown Indicators

	III.L	HCI	Difference
Max Drawdown Largest peak-to-trough decline	-84.90%	-74.43%	-10.47%
Max Drawdown (1Y) Largest decline over 1 year	-52.78%	-30.50%	-22.28%
Max Drawdown (3Y) Largest decline over 3 years	-52.78%	-30.50%	-22.28%
Max Drawdown (5Y) Largest decline over 5 years	-52.78%	-74.43%	+21.65%
Max Drawdown (10Y) Largest decline over 10 years	-52.78%	-74.43%	+21.65%
Current Drawdown Current decline from peak	-47.63%	-23.83%	-23.80%
Average Drawdown Average peak-to-trough decline	-23.08%	-19.03%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.82%	17.93%	+8.89%

Volatility

III.L vs. HCI - Volatility Comparison

3I Group plc (III.L) has a higher volatility of 19.01% compared to HCI Group, Inc. (HCI) at 7.83%. This indicates that III.L's price experiences larger fluctuations and is considered to be riskier than HCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	III.L	HCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.01%	7.83%	+11.18%
Volatility (6M) Calculated over the trailing 6-month period	37.16%	22.57%	+14.59%
Volatility (1Y) Calculated over the trailing 1-year period	43.35%	32.93%	+10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.78%	42.74%	-11.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.35%	41.91%	-11.56%

Dividends

III.L vs. HCI - Dividend Comparison

III.L's dividend yield for the trailing twelve months is around 3.42%, more than HCI's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCI HCI Group, Inc.	1.00%	0.83%	1.37%	1.83%	4.04%	1.92%	3.06%	3.50%	2.90%	4.68%	3.04%	3.44%
III.L 3I Group plc	3.42%	2.42%	1.82%	2.32%	3.76%	2.78%	3.02%	3.42%	4.78%	2.90%	3.41%	2.37%

Financials

Frequently Asked Questions

Can I hold both III.L and HCI in my portfolio?

III.L and HCI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.