EXPD vs HUBG: Correlation
Expeditors International (EXPD) and Hub Group, Inc. (HUBG) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and HUBG?
Over the past 3 years, EXPD and HUBG moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 394.2 %².
Among the 33 assets we track against EXPD, HUBG ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EXPD ahead by 47.4 points (+57.5% versus +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.
EXPD vs HUBG: side by side
| EXPD (Expeditors International) | HUBG (Hub Group, Inc.) | |
|---|---|---|
| 1-year return | +57.5% | +10.1% |
| 5-year return | +60.9% | +17.3% |
| Volatility (ann.) | 24.2% | 34.2% |
| Beta vs S&P 500 | 0.65 | 1.10 |
| Max drawdown (3Y) | -21.3% | -40.8% |
| Market cap | $24.8B | $2.4B |
| P/E (trailing) | 27.7 | 23.0 |
| Dividend yield | 0.83% | 1.25% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | HUBG |
|---|---|---|
| 2022 | -21.7% | -5.6% |
| 2023 | +23.9% | +15.7% |
| 2024 | -11.9% | -2.0% |
| 2025 | +36.2% | -3.1% |
| 2026 | +28.7% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and HUBG good diversifiers for each other?
Reasonably. At 0.48, EXPD and HUBG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXPD and HUBG?
As of 2026-08-27, the correlation of weekly returns between EXPD and HUBG is 0.48 over 3 years, 0.35 over 1 year and 0.54 over 5 years.
Is HUBG a good diversifier for EXPD?
Reasonably. At 0.48, EXPD and HUBG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/expd-vs-hubg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expd-vs-hubg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXPD correlations · HUBG correlations
