HUBS vs WEAV: Correlation
HubSpot, Inc. (HUBS) and Weave Communications, Inc. (WEAV) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBS and WEAV?
Across a 3-year window, the weekly returns of HUBS and WEAV correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 1635.3 %².
Within HUBS's tracked universe of 30 assets, WEAV comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WEAV outperformed by 39.7 percentage points (-45.5% for HUBS against -5.8% for WEAV).
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.
HUBS vs WEAV: side by side
| HUBS (HubSpot, Inc.) | WEAV (Weave Communications, Inc.) | |
|---|---|---|
| 1-year return | -45.5% | -5.8% |
| 5-year return | -63.5% | -61.1% |
| Volatility (ann.) | 50.4% | 58.9% |
| Beta vs S&P 500 | 1.18 | 1.62 |
| Max drawdown (3Y) | -79.2% | -74.9% |
| Market cap | $13.1B | $0.6B |
| P/E (trailing) | 90.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUBS | WEAV |
|---|---|---|
| 2022 | -56.1% | -69.8% |
| 2023 | +100.8% | +150.4% |
| 2024 | +20.0% | +38.8% |
| 2025 | -42.4% | -52.3% |
| 2026 | -36.2% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBS and WEAV good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HUBS and WEAV?
The HUBS/WEAV correlation stands at 0.55 on a 3-year window (1 year: 0.58, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is WEAV a good diversifier for HUBS?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 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/hubs-vs-weav.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hubs-vs-weav/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HUBS correlations · WEAV correlations
