HUBG vs LSTR: Correlation
How closely do Hub Group, Inc. (HUBG) and Landstar System, Inc. (LSTR) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBG and LSTR?
Across a 3-year window, the weekly returns of HUBG and LSTR correlate at 0.61, strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.61). Stretching to 5 years gives 0.63, with an annualized covariance of 588.6 %².
Few assets follow HUBG as closely as LSTR, which ranks #2 of 21 tracked partners. The last year tells two different stories: LSTR led by 29.8 percentage points, +10.1% for HUBG against +39.9% for LSTR.
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.
HUBG vs LSTR: side by side
| HUBG (Hub Group, Inc.) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +39.9% |
| 5-year return | +17.3% | +17.0% |
| Volatility (ann.) | 34.2% | 28.2% |
| Beta vs S&P 500 | 1.10 | 0.83 |
| Max drawdown (3Y) | -40.8% | -37.5% |
| Market cap | $2.4B | $6.2B |
| P/E (trailing) | 23.0 | 47.0 |
| Dividend yield | 1.25% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBG | LSTR |
|---|---|---|
| 2022 | -5.6% | -7.3% |
| 2023 | +15.7% | +21.2% |
| 2024 | -2.0% | -9.7% |
| 2025 | -3.1% | -14.4% |
| 2026 | -5.6% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and LSTR good diversifiers for each other?
Only partially. A correlation of 0.61 means HUBG and LSTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HUBG and LSTR?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.48 over the last year and 0.63 over 5 years.
Is LSTR a good diversifier for HUBG?
Only partially. A correlation of 0.61 means HUBG and LSTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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/hubg-vs-lstr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hubg-vs-lstr/)
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Related comparisons
Hubs: HUBG correlations · LSTR correlations
