HUBG vs RXO: Correlation
Measured on weekly returns over the past three years, Hub Group, Inc. (HUBG) and RXO, Inc. (RXO) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBG and RXO?
Across a 3-year window, the weekly returns of HUBG and RXO correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 1208.0 %².
By 3-year correlation, RXO places #4 of the 21 assets tracked against HUBG. Their recent paths diverged sharply: over the last 12 months RXO outperformed by 27.2 percentage points (+10.1% for HUBG against +37.3% for RXO). Note the risk asymmetry: RXO runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RXO: side by side
| HUBG (Hub Group, Inc.) | RXO (RXO, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +37.3% |
| 5-year return | +17.3% | n/a |
| Volatility (ann.) | 34.2% | 60.7% |
| Beta vs S&P 500 | 1.10 | 1.66 |
| Max drawdown (3Y) | -40.8% | -67.1% |
| Market cap | $2.4B | $3.7B |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBG | RXO |
|---|---|---|
| 2022 | -5.6% | – |
| 2023 | +15.7% | +35.2% |
| 2024 | -2.0% | +2.5% |
| 2025 | -3.1% | -47.0% |
| 2026 | -5.6% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and RXO good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HUBG and RXO?
The HUBG/RXO correlation stands at 0.58 on a 3-year window (1 year: 0.53, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is RXO a good diversifier for HUBG?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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-rxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hubg-vs-rxo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUBG correlations · RXO correlations
