HUBG vs OMCL: Correlation
Hub Group, Inc. (HUBG) and Omnicell, Inc. (OMCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBG and OMCL?
Across a 3-year window, the weekly returns of HUBG and OMCL correlate at 0.36, moderate. The past 12 months show a tighter link (0.50) than the 3-year average (0.36). Stretching to 5 years gives 0.32, with an annualized covariance of 616.9 %².
OMCL is close to the least connected end of HUBG's tracked universe, ranking #18 of 21. On 12-month performance HUBG holds a 9.6-point edge, +10.1% against +0.5%.
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 OMCL: side by side
| HUBG (Hub Group, Inc.) | OMCL (Omnicell, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +0.5% |
| 5-year return | +17.3% | -78.5% |
| Volatility (ann.) | 34.2% | 49.5% |
| Beta vs S&P 500 | 1.10 | 0.53 |
| Max drawdown (3Y) | -40.8% | -58.4% |
| Market cap | $2.4B | $1.5B |
| P/E (trailing) | 23.0 | 39.8 |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBG | OMCL |
|---|---|---|
| 2022 | -5.6% | -72.1% |
| 2023 | +15.7% | -25.4% |
| 2024 | -2.0% | +18.3% |
| 2025 | -3.1% | +1.8% |
| 2026 | -5.6% | -26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and OMCL good diversifiers for each other?
Reasonably. At 0.36, HUBG and OMCL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUBG and OMCL?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.50 over the last year and 0.32 over 5 years.
Is OMCL a good diversifier for HUBG?
Reasonably. At 0.36, HUBG and OMCL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hubg-vs-omcl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hubg-vs-omcl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBG correlations · OMCL correlations
