HURN vs STN: Correlation
How closely do Huron Consulting Group Inc. (HURN) and Stantec Inc (STN) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURN and STN?
Over the past 3 years, HURN and STN moved with a correlation of 0.53, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.53 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 539.7 %².
Among the 19 assets we track against HURN, STN ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HURN outperformed by 47.0 percentage points (+15.6% for HURN against -31.4% for STN). Note the risk asymmetry: HURN runs 1.8 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 STN: side by side
| HURN (Huron Consulting Group Inc.) | STN (Stantec Inc) | |
|---|---|---|
| 1-year return | +15.6% | -31.4% |
| 5-year return | +229.3% | +62.2% |
| Volatility (ann.) | 42.3% | 24.1% |
| Beta vs S&P 500 | 0.53 | 0.70 |
| Max drawdown (3Y) | -51.4% | -41.0% |
| Market cap | $2.5B | $8.4B |
| P/E (trailing) | 23.6 | 23.6 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HURN | STN |
|---|---|---|
| 2022 | +45.5% | -13.8% |
| 2023 | +41.6% | +68.8% |
| 2024 | +20.9% | -1.4% |
| 2025 | +39.2% | +20.7% |
| 2026 | -7.6% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURN and STN good diversifiers for each other?
Only partially. A correlation of 0.53 means HURN and STN 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 HURN and STN?
The HURN/STN correlation stands at 0.53 on a 3-year window (1 year: 0.64, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is STN a good diversifier for HURN?
Only partially. A correlation of 0.53 means HURN and STN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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
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Related comparisons
Hubs: HURN correlations · STN correlations
