CHRW vs HUBG: Correlation
C.H. Robinson (CHRW) and Hub Group, Inc. (HUBG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and HUBG?
Across a 3-year window, the weekly returns of CHRW and HUBG correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 576.2 %².
Few assets follow CHRW as closely as HUBG, which ranks #2 of 31 tracked partners. On 12-month performance CHRW holds a 9.8-point edge, +19.9% against +10.1%.
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.
CHRW vs HUBG: side by side
| CHRW (C.H. Robinson) | HUBG (Hub Group, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | +10.1% |
| 5-year return | +86.8% | +17.3% |
| Volatility (ann.) | 35.7% | 34.2% |
| Beta vs S&P 500 | 0.69 | 1.10 |
| Max drawdown (3Y) | -32.4% | -40.8% |
| Market cap | $17.7B | $2.4B |
| P/E (trailing) | 29.0 | 23.0 |
| Dividend yield | 1.65% | 1.25% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | HUBG |
|---|---|---|
| 2022 | -13.1% | -5.6% |
| 2023 | -3.1% | +15.7% |
| 2024 | +22.9% | -2.0% |
| 2025 | +59.0% | -3.1% |
| 2026 | -5.3% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and HUBG good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHRW and HUBG?
The CHRW/HUBG correlation stands at 0.47 on a 3-year window (1 year: 0.48, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is HUBG a good diversifier for CHRW?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/chrw-vs-hubg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chrw-vs-hubg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRW correlations · HUBG correlations
