HUBG vs PAL: Correlation
Measured on weekly returns over the past three years, Hub Group, Inc. (HUBG) and Proficient Auto Logistics, Inc. (PAL) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBG and PAL?
On 3 years of weekly data the HUBG/PAL correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1563.7 %².
Within HUBG's tracked universe of 21 assets, PAL comes in at #6 by 3-year correlation. The last year tells two different stories: HUBG led by 44.4 percentage points, +10.1% for HUBG against -34.3% for PAL. Risk is not evenly split, since PAL carries 2.3 times the volatility of the other side.
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 PAL: side by side
| HUBG (Hub Group, Inc.) | PAL (Proficient Auto Logistics, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | -34.3% |
| 5-year return | +17.3% | n/a |
| Volatility (ann.) | 34.2% | 79.8% |
| Beta vs S&P 500 | 1.10 | 1.84 |
| Max drawdown (3Y) | -40.8% | -76.0% |
| Market cap | $2.4B | $0.2B |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBG | PAL |
|---|---|---|
| 2022 | -5.6% | – |
| 2023 | +15.7% | – |
| 2024 | -2.0% | – |
| 2025 | -3.1% | +19.5% |
| 2026 | -5.6% | -44.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and PAL good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HUBG and PAL?
As of 2026-08-27, the correlation of weekly returns between HUBG and PAL is 0.54 over 3 years, 0.58 over 1 year and n/a over 5 years.
Is PAL a good diversifier for HUBG?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-pal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubg-vs-pal/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBG correlations · PAL correlations
