DIA vs HURC: Correlation
SPDR Dow Jones Industrial Average ETF (DIA) and Hurco Companies, Inc. (HURC) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and HURC?
On 3 years of weekly data the DIA/HURC correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.43 over 3. The 5-year figure is 0.37, and annualized covariance runs at 223.6 %².
Among the 116 assets we track against DIA, HURC ranks #100 by 3-year correlation. Over the last 12 months HURC came out ahead by 6.2 percentage points (+19.2% against +25.4%). Note the risk asymmetry: HURC runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DIA vs HURC: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | HURC (Hurco Companies, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +25.4% |
| 5-year return | +64.8% | -28.0% |
| Volatility (ann.) | 13.0% | 39.5% |
| Beta vs S&P 500 | 0.79 | 0.89 |
| Max drawdown (3Y) | -16.0% | -52.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.37% | 0.00% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, DIA sits in the Large Value category at State Street Investment Management, with $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | HURC |
|---|---|---|
| 2022 | -7.0% | -10.0% |
| 2023 | +16.0% | -15.2% |
| 2024 | +14.8% | -9.7% |
| 2025 | +14.7% | -19.9% |
| 2026 | +12.3% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and HURC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DIA and HURC?
As of 2026-08-27, the correlation of weekly returns between DIA and HURC is 0.43 over 3 years, 0.37 over 1 year and 0.37 over 5 years.
Is HURC a good diversifier for DIA?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/dia-vs-hurc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dia-vs-hurc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIA correlations · HURC correlations
