PLMR vs. HG
PLMR (Palomar Holdings, Inc.) and HG (Hamilton Insurance Group Ltd.) are both stocks. Both are in the Financial Services sector — PLMR in Insurance - Property & Casualty, HG in Insurance - Reinsurance. Over the past year, PLMR returned -42.08% vs 39.96% for HG. At a 0.37 correlation, their price movements are largely independent.
Performance
PLMR vs. HG - Performance Comparison
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Returns By Period
In the year-to-date period, PLMR achieves a -24.74% return, which is significantly lower than HG's 10.46% return.
PLMR
- 1D
- -3.11%
- 1M
- -12.23%
- YTD
- -24.74%
- 6M
- -14.04%
- 1Y
- -42.08%
- 3Y*
- 23.25%
- 5Y*
- 6.92%
- 10Y*
- —
HG
- 1D
- 0.59%
- 1M
- -4.03%
- YTD
- 10.46%
- 6M
- 17.40%
- 1Y
- 39.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLMR vs. HG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PLMR Palomar Holdings, Inc. | -24.74% | 27.63% | 90.25% | -6.88% |
HG Hamilton Insurance Group Ltd. | 10.46% | 46.61% | 27.29% | -0.33% |
Correlation
The correlation between PLMR and HG is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2023 | 0.37 |
The correlation between PLMR and HG shifts across timeframes, from 0.37 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PLMR:
$7.18
HG:
$8.27
PLMR:
14.12
HG:
3.48
PLMR:
0.32
HG:
0.07
PLMR:
2.85
HG:
0.75
PLMR:
$977.99M
HG:
$2.90B
PLMR:
$401.29M
HG:
$1.76B
PLMR:
$210.26M
HG:
$1.36B
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Return for Risk
PLMR vs. HG — Risk / Return Rank
PLMR
HG
PLMR vs. HG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palomar Holdings, Inc. (PLMR) and Hamilton Insurance Group Ltd. (HG). 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.
| PLMR | HG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.25 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | 3.16 | -4.19 |
| Martin ratioReturn relative to average drawdown | -1.53 | 10.80 | -12.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLMR | HG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | 1.44 | -2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.05 | -0.49 |
Drawdowns
PLMR vs. HG - Drawdown Comparison
The maximum PLMR drawdown since its inception was -62.86%, which is greater than HG's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for PLMR and HG.
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Drawdown Indicators
| PLMR | HG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.86% | -21.07% | -41.79% |
Max Drawdown (1Y)Largest decline over 1 year | -40.96% | -12.69% | -28.27% |
Max Drawdown (3Y)Largest decline over 3 years | -42.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -53.81% | — | — |
Current DrawdownCurrent decline from peak | -42.27% | -12.17% | -30.10% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -5.42% | -23.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.84% | 3.71% | +25.13% |
Volatility
PLMR vs. HG - Volatility Comparison
Palomar Holdings, Inc. (PLMR) has a higher volatility of 9.65% compared to Hamilton Insurance Group Ltd. (HG) at 7.28%. This indicates that PLMR's price experiences larger fluctuations and is considered to be riskier than HG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLMR | HG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 7.28% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 23.20% | 18.03% | +5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.07% | 27.97% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.60% | 31.39% | +11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.91% | 31.39% | +16.52% |
Dividends
PLMR vs. HG - Dividend Comparison
PLMR has not paid dividends to shareholders, while HG's dividend yield for the trailing twelve months is around 6.94%.
| Position | TTM |
|---|---|
HG Hamilton Insurance Group Ltd. | 6.94% |
PLMR Palomar Holdings, Inc. | 0.00% |
Financials
PLMR vs. HG - Financials Comparison
This section allows you to compare key financial metrics between Palomar Holdings, Inc. and Hamilton Insurance Group Ltd.. 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
PLMR vs. HG - Profitability Comparison
PLMR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palomar Holdings, Inc. reported a gross profit of 0.00 and revenue of 278.94M. Therefore, the gross margin over that period was 0.0%.
HG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hamilton Insurance Group Ltd. reported a gross profit of 754.89M and revenue of 758.91M. Therefore, the gross margin over that period was 99.5%.
PLMR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palomar Holdings, Inc. reported an operating income of 0.00 and revenue of 278.94M, resulting in an operating margin of 0.0%.
HG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hamilton Insurance Group Ltd. reported an operating income of 693.42M and revenue of 758.91M, resulting in an operating margin of 91.4%.
PLMR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palomar Holdings, Inc. reported a net income of 42.95M and revenue of 278.94M, resulting in a net margin of 15.4%.
HG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hamilton Insurance Group Ltd. reported a net income of 133.54M and revenue of 758.91M, resulting in a net margin of 17.6%.
Frequently Asked Questions
PLMR and HG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLMR has higher volatility (9.65%) compared to HG (7.28%). In terms of maximum drawdown, PLMR dropped -62.86% vs HG's -21.07%.
HG currently has the higher Sharpe Ratio (1.44 vs -1.17), 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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