AON vs HURA: Correlation
How closely do Aon plc (AON) and TuHURA Biosciences, Inc. (HURA) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AON and HURA?
Across a 3-year window, the weekly returns of AON and HURA correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.05, with an annualized covariance of -650.4 %².
By 3-year correlation, HURA places #25 of the 32 assets tracked against AON. The last year tells two different stories: AON led by 22.0 percentage points, -4.6% for AON against -26.6% for HURA. Risk is not evenly split, since HURA carries 7.0 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AON vs HURA: side by side
| AON (Aon plc) | HURA (TuHURA Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -4.6% | -26.6% |
| 5-year return | +27.0% | -99.9% |
| Volatility (ann.) | 21.7% | 152.6% |
| Beta vs S&P 500 | 0.34 | 0.27 |
| Max drawdown (3Y) | -24.2% | -99.7% |
| Market cap | $74.2B | $0.1B |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AON | HURA |
|---|---|---|
| 2022 | +0.6% | -73.0% |
| 2023 | -2.3% | -97.5% |
| 2024 | +24.5% | -31.3% |
| 2025 | -1.2% | -81.5% |
| 2026 | -0.5% | +181.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AON and HURA good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AON and HURA?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.23 over the last year and -0.05 over 5 years.
Is HURA a good diversifier for AON?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aon-vs-hura.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aon-vs-hura/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AON correlations · HURA correlations
