FE vs HURN: Correlation
How closely do FirstEnergy (FE) and Huron Consulting Group Inc. (HURN) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FE and HURN?
Across a 3-year window, the weekly returns of FE and HURN correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -182.5 %².
Among the 32 assets we track against FE, HURN sits near the bottom by co-movement, at rank #30. Over the last 12 months HURN came out ahead by 5.7 percentage points (+9.9% against +15.6%). One caveat on sizing: HURN is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FE vs HURN: side by side
| FE (FirstEnergy) | HURN (Huron Consulting Group Inc.) | |
|---|---|---|
| 1-year return | +9.9% | +15.6% |
| 5-year return | +46.7% | +229.3% |
| Volatility (ann.) | 17.6% | 42.3% |
| Beta vs S&P 500 | 0.04 | 0.53 |
| Max drawdown (3Y) | -14.7% | -51.4% |
| Market cap | $26.8B | $2.5B |
| P/E (trailing) | 25.0 | 23.6 |
| Dividend yield | 3.85% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | FE | HURN |
|---|---|---|
| 2022 | +4.8% | +45.5% |
| 2023 | -8.9% | +41.6% |
| 2024 | +13.2% | +20.9% |
| 2025 | +17.3% | +39.2% |
| 2026 | +6.4% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FE and HURN good diversifiers for each other?
Yes. With a correlation of -0.25, FE and HURN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FE and HURN?
As of 2026-08-27, the correlation of weekly returns between FE and HURN is -0.25 over 3 years, -0.27 over 1 year and -0.13 over 5 years.
Is HURN a good diversifier for FE?
Yes. With a correlation of -0.25, FE and HURN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/fe-vs-hurn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fe-vs-hurn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FE correlations · HURN correlations
