HRI vs URI: Correlation
Measured on weekly returns over the past three years, Herc Holdings Inc. (HRI) and United Rentals (URI) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRI and URI?
On 3 years of weekly data the HRI/URI correlation comes out at 0.72, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 1534.5 %².
Few assets follow HRI as closely as URI, which ranks #1 of 14 tracked partners. The trailing year gives HRI the advantage: +18.9% versus +10.2%, a 8.7-point spread.
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.
HRI vs URI: side by side
| HRI (Herc Holdings Inc.) | URI (United Rentals) | |
|---|---|---|
| 1-year return | +18.9% | +10.2% |
| 5-year return | +27.3% | +204.1% |
| Volatility (ann.) | 54.2% | 39.5% |
| Beta vs S&P 500 | 1.68 | 1.42 |
| Max drawdown (3Y) | -60.9% | -37.0% |
| Market cap | $5.2B | $64.6B |
| P/E (trailing) | 92.0 | 25.4 |
| Dividend yield | 1.79% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HRI | URI |
|---|---|---|
| 2022 | -14.4% | +7.0% |
| 2023 | +15.5% | +63.6% |
| 2024 | +29.4% | +24.0% |
| 2025 | -20.1% | +15.9% |
| 2026 | +5.8% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRI and URI good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HRI and URI?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.65 over the last year and 0.77 over 5 years.
Is URI a good diversifier for HRI?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 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/hri-vs-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hri-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HRI correlations · URI correlations
