HUBS vs. MANH
HUBS (HubSpot, Inc.) and MANH (Manhattan Associates, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, HUBS returned 15.57%/yr vs 8.33%/yr for MANH. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
HUBS vs. MANH - Performance Comparison
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Returns By Period
In the year-to-date period, HUBS achieves a -45.09% return, which is significantly lower than MANH's -13.12% return. Over the past 10 years, HUBS has outperformed MANH with an annualized return of 15.57%, while MANH has yielded a comparatively lower 8.33% annualized return.
HUBS
- 1D
- -0.94%
- 1M
- -10.45%
- YTD
- -45.09%
- 6M
- -41.55%
- 1Y
- -63.23%
- 3Y*
- -25.30%
- 5Y*
- -14.78%
- 10Y*
- 15.57%
MANH
- 1D
- -0.41%
- 1M
- 6.68%
- YTD
- -13.12%
- 6M
- -15.69%
- 1Y
- -21.11%
- 3Y*
- -6.63%
- 5Y*
- 1.83%
- 10Y*
- 8.33%
HUBS vs. MANH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUBS HubSpot, Inc. | -45.09% | -42.41% | 20.02% | 100.79% | -56.14% | 66.27% | 150.12% | 26.06% | 42.23% | 88.09% |
MANH Manhattan Associates, Inc. | -13.12% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
Correlation
The correlation between HUBS and MANH is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.53 |
The correlation between HUBS and MANH has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.
Fundamentals
HUBS:
$11.59B
MANH:
$9.04B
HUBS:
$1.91
MANH:
$3.57
HUBS:
115.67
MANH:
42.17
HUBS:
0.13
MANH:
2.01
HUBS:
3.52
MANH:
8.30
HUBS:
5.80
MANH:
44.06
HUBS:
$3.30B
MANH:
$1.10B
HUBS:
$2.76B
MANH:
$456.06M
HUBS:
$196.96M
MANH:
$297.27M
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Return for Risk
HUBS vs. MANH — Risk / Return Rank
HUBS
MANH
HUBS vs. MANH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HubSpot, Inc. (HUBS) and Manhattan Associates, Inc. (MANH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HUBS | MANH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.93 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.45 | -0.45 |
| Martin ratioReturn relative to average drawdown | -1.48 | -0.80 | -0.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HUBS | MANH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | -0.55 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.05 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.21 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.22 | +0.15 |
Drawdowns
HUBS vs. MANH - Drawdown Comparison
The maximum HUBS drawdown since its inception was -78.99%, smaller than the maximum MANH drawdown of -87.04%. Use the drawdown chart below to compare losses from any high point for HUBS and MANH.
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Drawdown Indicators
| HUBS | MANH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.99% | -87.04% | +8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -70.63% | -46.97% | -23.66% |
Max Drawdown (3Y)Largest decline over 3 years | -78.16% | -60.98% | -17.18% |
Max Drawdown (5Y)Largest decline over 5 years | -78.99% | -60.98% | -18.01% |
Max Drawdown (10Y)Largest decline over 10 years | -78.99% | -60.98% | -18.01% |
Current DrawdownCurrent decline from peak | -74.14% | -51.39% | -22.75% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -39.44% | +16.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.71% | 26.28% | +16.43% |
Volatility
HUBS vs. MANH - Volatility Comparison
HubSpot, Inc. (HUBS) has a higher volatility of 35.20% compared to Manhattan Associates, Inc. (MANH) at 15.81%. This indicates that HUBS's price experiences larger fluctuations and is considered to be riskier than MANH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUBS | MANH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.20% | 15.81% | +19.39% |
Volatility (6M)Calculated over the trailing 6-month period | 54.71% | 32.58% | +22.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.71% | 38.47% | +24.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.98% | 38.14% | +16.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.95% | 39.43% | +11.52% |
Dividends
HUBS vs. MANH - Dividend Comparison
Neither HUBS nor MANH has paid dividends to shareholders.
Financials
HUBS vs. MANH - Financials Comparison
This section allows you to compare key financial metrics between HubSpot, Inc. and Manhattan Associates, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HUBS vs. MANH - Profitability Comparison
HUBS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HubSpot, Inc. reported a gross profit of 735.30M and revenue of 881.00M. Therefore, the gross margin over that period was 83.5%.
MANH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a gross profit of 0.00 and revenue of 282.22M. Therefore, the gross margin over that period was 0.0%.
HUBS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HubSpot, Inc. reported an operating income of 27.94M and revenue of 881.00M, resulting in an operating margin of 3.2%.
MANH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported an operating income of 64.94M and revenue of 282.22M, resulting in an operating margin of 23.0%.
HUBS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HubSpot, Inc. reported a net income of 32.55M and revenue of 881.00M, resulting in a net margin of 3.7%.
MANH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a net income of 49.30M and revenue of 282.22M, resulting in a net margin of 17.5%.
Frequently Asked Questions
HUBS and MANH have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUBS has higher volatility (35.20%) compared to MANH (15.81%). In terms of maximum drawdown, HUBS dropped -78.99% vs MANH's -87.04%.
MANH currently has the higher Sharpe Ratio (-0.55 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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