HURN vs PEG: Correlation
How closely do Huron Consulting Group Inc. (HURN) and Public Service Enterprise Group (PEG) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURN and PEG?
Across a 3-year window, the weekly returns of HURN and PEG correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.26 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -212.2 %².
PEG is close to the least connected end of HURN's tracked universe, ranking #16 of 19. Correlation aside, the last 12 months split them widely, with HURN ahead by 24.2 points (+15.6% versus -8.6%). Note the risk asymmetry: HURN runs 2.2 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.
HURN vs PEG: side by side
| HURN (Huron Consulting Group Inc.) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +15.6% | -8.6% |
| 5-year return | +229.3% | +34.9% |
| Volatility (ann.) | 42.3% | 18.9% |
| Beta vs S&P 500 | 0.53 | 0.25 |
| Max drawdown (3Y) | -51.4% | -18.8% |
| Market cap | $2.5B | $36.5B |
| P/E (trailing) | 23.6 | 18.4 |
| Dividend yield | 0.00% | 3.51% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | HURN | PEG |
|---|---|---|
| 2022 | +45.5% | -5.1% |
| 2023 | +41.6% | +3.6% |
| 2024 | +20.9% | +42.6% |
| 2025 | +39.2% | -1.9% |
| 2026 | -7.6% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURN and PEG good diversifiers for each other?
Yes. With a correlation of -0.26, HURN and PEG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HURN and PEG?
The HURN/PEG correlation stands at -0.26 on a 3-year window (1 year: -0.37, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is PEG a good diversifier for HURN?
Yes. With a correlation of -0.26, HURN and PEG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/hurn-vs-peg.json
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Related comparisons
Hubs: HURN correlations · PEG correlations
