HUBG vs WERN: Correlation
How closely do Hub Group, Inc. (HUBG) and Werner Enterprises, Inc. (WERN) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBG and WERN?
Across a 3-year window, the weekly returns of HUBG and WERN correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 658.4 %².
In HUBG's tracked universe of 21 assets, WERN sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months WERN outperformed by 25.9 percentage points (+10.1% for HUBG against +36.0% for WERN).
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 WERN: side by side
| HUBG (Hub Group, Inc.) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +36.0% |
| 5-year return | +17.3% | -14.3% |
| Volatility (ann.) | 34.2% | 29.9% |
| Beta vs S&P 500 | 1.10 | 0.80 |
| Max drawdown (3Y) | -40.8% | -44.5% |
| Market cap | $2.4B | $2.3B |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.25% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBG | WERN |
|---|---|---|
| 2022 | -5.6% | -14.4% |
| 2023 | +15.7% | +6.6% |
| 2024 | -2.0% | -14.2% |
| 2025 | -3.1% | -14.9% |
| 2026 | -5.6% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and WERN good diversifiers for each other?
Only partially. A correlation of 0.64 means HUBG and WERN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HUBG and WERN?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.54 over the last year and 0.64 over 5 years.
Is WERN a good diversifier for HUBG?
Only partially. A correlation of 0.64 means HUBG and WERN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubg-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBG correlations · WERN correlations
