HUBG vs TROW: Correlation
Measured on weekly returns over the past three years, Hub Group, Inc. (HUBG) and T. Rowe Price (TROW) 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 TROW?
Across a 3-year window, the weekly returns of HUBG and TROW correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 468.2 %².
By 3-year correlation, TROW places #5 of the 21 assets tracked against HUBG. Twelve-month performance is nearly a tie, at +10.1% for HUBG and +8.1% for TROW.
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 TROW: side by side
| HUBG (Hub Group, Inc.) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +10.1% | +8.1% |
| 5-year return | +17.3% | -37.0% |
| Volatility (ann.) | 34.2% | 23.5% |
| Beta vs S&P 500 | 1.10 | 1.10 |
| Max drawdown (3Y) | -40.8% | -34.0% |
| Market cap | $2.4B | $24.0B |
| P/E (trailing) | 23.0 | 11.3 |
| Dividend yield | 1.25% | 4.57% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HUBG | TROW |
|---|---|---|
| 2022 | -5.6% | -42.2% |
| 2023 | +15.7% | +3.4% |
| 2024 | -2.0% | +9.7% |
| 2025 | -3.1% | -4.7% |
| 2026 | -5.6% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and TROW 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 TROW?
The HUBG/TROW correlation stands at 0.58 on a 3-year window (1 year: 0.65, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is TROW 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?
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-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hubg-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUBG correlations · TROW correlations
