HUBG vs MATX: Correlation
Hub Group, Inc. (HUBG) and Matson, Inc. (MATX) 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 HUBG and MATX?
On 3 years of weekly data the HUBG/MATX correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.48 over 3. The 5-year figure is 0.53, and annualized covariance runs at 564.8 %².
Within HUBG's tracked universe of 21 assets, MATX comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MATX ahead by 102.7 points (+10.1% versus +112.8%).
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 MATX: side by side
| HUBG (Hub Group, Inc.) | MATX (Matson, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +112.8% |
| 5-year return | +17.3% | +195.6% |
| Volatility (ann.) | 34.2% | 34.6% |
| Beta vs S&P 500 | 1.10 | 0.80 |
| Max drawdown (3Y) | -40.8% | -46.9% |
| Market cap | $2.4B | $6.6B |
| P/E (trailing) | 23.0 | 14.9 |
| Dividend yield | 1.25% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBG | MATX |
|---|---|---|
| 2022 | -5.6% | -29.5% |
| 2023 | +15.7% | +78.2% |
| 2024 | -2.0% | +24.3% |
| 2025 | -3.1% | -7.2% |
| 2026 | -5.6% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and MATX good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HUBG and MATX?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.47 over the last year and 0.53 over 5 years.
Is MATX a good diversifier for HUBG?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/hubg-vs-matx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hubg-vs-matx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBG correlations · MATX correlations
