HURN vs ON: Correlation
Huron Consulting Group Inc. (HURN) and ON Semiconductor (ON) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURN and ON?
On 3 years of weekly data the HURN/ON correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -475.9 %².
Within HURN's tracked universe of 19 assets, ON comes in at #13 by 3-year correlation. The last year tells two different stories: ON led by 30.4 percentage points, +15.6% for HURN against +46.0% for ON.
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.
HURN vs ON: side by side
| HURN (Huron Consulting Group Inc.) | ON (ON Semiconductor) | |
|---|---|---|
| 1-year return | +15.6% | +46.0% |
| 5-year return | +229.3% | +65.2% |
| Volatility (ann.) | 42.3% | 49.2% |
| Beta vs S&P 500 | 0.53 | 1.61 |
| Max drawdown (3Y) | -51.4% | -67.9% |
| Market cap | $2.5B | $29.1B |
| P/E (trailing) | 23.6 | 47.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | HURN | ON |
|---|---|---|
| 2022 | +45.5% | -8.2% |
| 2023 | +41.6% | +33.9% |
| 2024 | +20.9% | -24.5% |
| 2025 | +39.2% | -14.1% |
| 2026 | -7.6% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURN and ON good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between HURN and ON?
As of 2026-08-27, the correlation of weekly returns between HURN and ON is -0.23 over 3 years, -0.30 over 1 year and -0.14 over 5 years.
Is ON a good diversifier for HURN?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/hurn-vs-on.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hurn-vs-on/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HURN correlations · ON correlations
