CISS vs HUBG: Correlation
C3is Inc. (CISS) and Hub Group, Inc. (HUBG) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISS and HUBG?
Over the past 3 years, CISS and HUBG moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.28 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -20118.1 %².
Within CISS's tracked universe of 42 assets, HUBG comes in at #32 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HUBG ahead by 109.6 points (-99.5% versus +10.1%). Risk is not evenly split, since CISS carries 61.4 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.
CISS vs HUBG: side by side
| CISS (C3is Inc.) | HUBG (Hub Group, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +10.1% |
| 5-year return | n/a | +17.3% |
| Volatility (ann.) | 2098.5% | 34.2% |
| Beta vs S&P 500 | 2.24 | 1.10 |
| Max drawdown (3Y) | -100.0% | -40.8% |
| Market cap | – | $2.4B |
| P/E (trailing) | – | 23.0 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISS | HUBG |
|---|---|---|
| 2022 | – | -5.6% |
| 2023 | – | +15.7% |
| 2024 | -98.9% | -2.0% |
| 2025 | -97.3% | -3.1% |
| 2026 | -93.4% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISS and HUBG good diversifiers for each other?
Yes. With a correlation of -0.28, CISS and HUBG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CISS and HUBG?
The CISS/HUBG correlation stands at -0.28 on a 3-year window (1 year: -0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is HUBG a good diversifier for CISS?
Yes. With a correlation of -0.28, CISS and HUBG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/ciss-vs-hubg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ciss-vs-hubg/)
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Related comparisons
Hubs: CISS correlations · HUBG correlations
