EVCM vs HUBG: Correlation
How closely do EverCommerce Inc. (EVCM) and Hub Group, Inc. (HUBG) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVCM and HUBG?
On 3 years of weekly data the EVCM/HUBG correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.47 over 3. The 5-year figure is 0.35, and annualized covariance runs at 777.5 %².
By 3-year correlation, HUBG places #5 of the 17 assets tracked against EVCM. The last year tells two different stories: HUBG led by 28.2 percentage points, -18.1% for EVCM against +10.1% for HUBG.
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.
EVCM vs HUBG: side by side
| EVCM (EverCommerce Inc.) | HUBG (Hub Group, Inc.) | |
|---|---|---|
| 1-year return | -18.1% | +10.1% |
| 5-year return | -55.5% | +17.3% |
| Volatility (ann.) | 47.9% | 34.2% |
| Beta vs S&P 500 | 0.95 | 1.10 |
| Max drawdown (3Y) | -35.0% | -40.8% |
| Market cap | $1.7B | $2.4B |
| P/E (trailing) | 58.4 | 23.0 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVCM | HUBG |
|---|---|---|
| 2022 | -52.8% | -5.6% |
| 2023 | +48.3% | +15.7% |
| 2024 | -0.2% | -2.0% |
| 2025 | +10.0% | -3.1% |
| 2026 | -22.9% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVCM and HUBG good diversifiers for each other?
Reasonably. At 0.47, EVCM and HUBG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVCM and HUBG?
The EVCM/HUBG correlation stands at 0.47 on a 3-year window (1 year: 0.49, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is HUBG a good diversifier for EVCM?
Reasonably. At 0.47, EVCM and HUBG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/evcm-vs-hubg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evcm-vs-hubg/)
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Related comparisons
Hubs: EVCM correlations · HUBG correlations
