CBZ vs HURN: Correlation
CBIZ, Inc. (CBZ) and Huron Consulting Group Inc. (HURN) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and HURN?
Over the past 3 years, CBZ and HURN moved with a correlation of 0.65, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.81 versus 0.65 over 3 years. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 1218.8 %².
In CBZ's tracked universe of 20 assets, HURN sits right near the top at #1. Correlation aside, the last 12 months split them widely, with HURN ahead by 32.5 points (-16.9% versus +15.6%).
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.
CBZ vs HURN: side by side
| CBZ (CBIZ, Inc.) | HURN (Huron Consulting Group Inc.) | |
|---|---|---|
| 1-year return | -16.9% | +15.6% |
| 5-year return | +61.7% | +229.3% |
| Volatility (ann.) | 44.6% | 42.3% |
| Beta vs S&P 500 | 1.02 | 0.53 |
| Max drawdown (3Y) | -71.6% | -51.4% |
| Market cap | $3.0B | $2.5B |
| P/E (trailing) | 26.3 | 23.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBZ | HURN |
|---|---|---|
| 2022 | +19.8% | +45.5% |
| 2023 | +33.6% | +41.6% |
| 2024 | +30.7% | +20.9% |
| 2025 | -38.3% | +39.2% |
| 2026 | +8.4% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and HURN good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CBZ and HURN?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.81 over the last year and 0.58 over 5 years.
Is HURN a good diversifier for CBZ?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbz-vs-hurn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbz-vs-hurn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CBZ correlations · HURN correlations
