THG vs. TRV

Last updated Jun 4, 2026

THG (The Hanover Insurance Group, Inc.) and TRV (The Travelers Companies, Inc.) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, THG returned 11.15%/yr vs 12.13%/yr for TRV. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

THG vs. TRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hanover Insurance Group, Inc. (THG) and The Travelers Companies, Inc. (TRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THG achieves a 2.52% return, which is significantly higher than TRV's 0.33% return. Over the past 10 years, THG has underperformed TRV with an annualized return of 11.15%, while TRV has yielded a comparatively higher 12.13% annualized return.

THG

• 1D: -0.37%
• 1M: 1.68%
• YTD: 2.52%
• 6M: 4.64%
• 1Y: 7.54%
• 3Y*: 20.30%
• 5Y*: 8.48%
• 10Y*: 11.15%

TRV

• 1D: -0.65%
• 1M: -3.84%
• YTD: 0.33%
• 6M: 2.77%
• 1Y: 6.69%
• 3Y*: 20.50%
• 5Y*: 14.87%
• 10Y*: 12.13%

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

THG vs. TRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THG The Hanover Insurance Group, Inc.	2.52%	20.66%	30.61%	-7.61%	5.40%	14.51%	-12.31%	26.73%	10.15%	21.41%
TRV The Travelers Companies, Inc.	0.33%	22.38%	28.76%	3.93%	22.42%	13.96%	5.31%	17.00%	-9.64%	13.36%

Correlation

The correlation between THG and TRV is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Apr 23, 1996	0.54

The correlation between THG and TRV shifts across timeframes, from 0.54 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS THG : $26.44 TRV : $33.83
PE Ratio THG : 7.05 TRV : 8.57
PEG Ratio THG : 0.03 TRV : 0.40
PS Ratio THG : 0.76 TRV : 1.33
Total Revenue (TTM) THG : $6.68B TRV : $48.94B
Gross Profit (TTM) THG : $1.56B TRV : $16.00B
EBITDA (TTM) THG : $716.20M TRV : $8.15B

Return for Risk

THG vs. TRV — Risk / Return Rank

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

THG

THG Risk / Return Rank: 52
THG Sharpe Ratio Rank: 54
THG Sortino Ratio Rank: 45
THG Omega Ratio Rank: 45
THG Calmar Ratio Rank: 57
THG Martin Ratio Rank: 58

TRV

TRV Risk / Return Rank: 51
TRV Sharpe Ratio Rank: 53
TRV Sortino Ratio Rank: 45
TRV Omega Ratio Rank: 43
TRV Calmar Ratio Rank: 57
TRV Martin Ratio Rank: 58

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.

THG vs. TRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hanover Insurance Group, Inc. (THG) and The Travelers Companies, Inc. (TRV). 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.

	THG	TRV	Difference
Sharpe ratio: Return per unit of total volatility	0.38	0.37	+0.01
Sortino ratio: Return per unit of downside risk	0.66	0.64	+0.02
Omega ratio: Gain probability vs. loss probability	1.08	1.08	0.00
Calmar ratio: Return relative to maximum drawdown	0.76	0.81	-0.05
Martin ratio: Return relative to average drawdown	1.67	1.85	-0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THG vs. TRV - Sharpe Ratio Comparison

The current THG Sharpe Ratio is 0.38, which is comparable to the TRV Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of THG and TRV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	THG	TRV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	0.37	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.69	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.50	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.39	-0.10

Drawdowns

THG vs. TRV - Drawdown Comparison

The maximum THG drawdown since its inception was -89.84%, which is greater than TRV's maximum drawdown of -55.11%. Use the drawdown chart below to compare losses from any high point for THG and TRV.

Drawdown Indicators

	THG	TRV	Difference
Max Drawdown Largest peak-to-trough decline	-89.84%	-55.11%	-34.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-8.31%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	-12.47%	-1.51%
Max Drawdown (5Y) Largest decline over 5 years	-30.35%	-18.90%	-11.45%
Max Drawdown (10Y) Largest decline over 10 years	-40.10%	-46.28%	+6.18%
Current Drawdown Current decline from peak	-5.66%	-6.74%	+1.08%
Average Drawdown Average peak-to-trough decline	-22.67%	-11.12%	-11.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	3.81%	+0.90%

Volatility

THG vs. TRV - Volatility Comparison

The Hanover Insurance Group, Inc. (THG) has a higher volatility of 5.22% compared to The Travelers Companies, Inc. (TRV) at 4.26%. This indicates that THG's price experiences larger fluctuations and is considered to be riskier than TRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THG	TRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	4.26%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	12.08%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	20.18%	18.37%	+1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.76%	21.80%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.07%	24.37%	-0.30%

Dividends

THG vs. TRV - Dividend Comparison

THG's dividend yield for the trailing twelve months is around 1.99%, more than TRV's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
THG The Hanover Insurance Group, Inc.	1.99%	2.00%	2.23%	2.70%	2.26%	2.17%	2.27%	7.10%	1.90%	1.89%	2.07%	2.08%
TRV The Travelers Companies, Inc.	1.52%	1.50%	1.72%	2.06%	1.96%	2.23%	2.40%	2.36%	2.53%	2.09%	2.14%	2.11%

Financials

THG vs. TRV - Profitability Comparison

The chart below illustrates the profitability comparison between The Hanover Insurance Group, Inc. and The Travelers Companies, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

THG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hanover Insurance Group, Inc. reported a gross profit of 0.00 and revenue of 1.70B. Therefore, the gross margin over that period was 0.0%.

TRV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a gross profit of 0.00 and revenue of 11.92B. Therefore, the gross margin over that period was 0.0%.

THG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hanover Insurance Group, Inc. reported an operating income of 0.00 and revenue of 1.70B, resulting in an operating margin of 0.0%.

TRV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported an operating income of 0.00 and revenue of 11.92B, resulting in an operating margin of 0.0%.

THG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hanover Insurance Group, Inc. reported a net income of 186.80M and revenue of 1.70B, resulting in a net margin of 11.0%.

TRV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a net income of 1.71B and revenue of 11.92B, resulting in a net margin of 14.4%.

Frequently Asked Questions

Can I hold both THG and TRV in my portfolio?

THG and TRV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THG or TRV?

THG has higher volatility (5.22%) compared to TRV (4.26%). In terms of maximum drawdown, THG dropped -89.84% vs TRV's -55.11%.

Which has better risk-adjusted returns?

THG currently has the higher Sharpe Ratio (0.38 vs 0.37), 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.