ARCB vs HRI: Correlation
ArcBest Corporation (ARCB) and Herc Holdings Inc. (HRI) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and HRI?
Over the past 3 years, ARCB and HRI moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.54 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 1596.4 %².
Among the 18 assets we track against ARCB, HRI ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARCB outperformed by 71.3 percentage points (+90.2% for ARCB against +18.9% for HRI).
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.
ARCB vs HRI: side by side
| ARCB (ArcBest Corporation) | HRI (Herc Holdings Inc.) | |
|---|---|---|
| 1-year return | +90.2% | +18.9% |
| 5-year return | +107.2% | +27.3% |
| Volatility (ann.) | 46.8% | 54.2% |
| Beta vs S&P 500 | 1.33 | 1.68 |
| Max drawdown (3Y) | -62.4% | -60.9% |
| Market cap | $3.1B | $5.2B |
| P/E (trailing) | 198.7 | 92.0 |
| Dividend yield | 0.35% | 1.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCB | HRI |
|---|---|---|
| 2022 | -41.2% | -14.4% |
| 2023 | +72.4% | +15.5% |
| 2024 | -22.1% | +29.4% |
| 2025 | -20.0% | -20.1% |
| 2026 | +88.1% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and HRI good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARCB and HRI?
The ARCB/HRI correlation stands at 0.63 on a 3-year window (1 year: 0.54, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is HRI a good diversifier for ARCB?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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/arcb-vs-hri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcb-vs-hri/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARCB correlations · HRI correlations
