Following 20 years of publishing rank and reputation scores for Canada's 49 institutions of higher education, the present analysis tested five hypotheses: (1) rank and reputation should be positively correlated across schools for each year; (2) rank and reputation should be positively correlated across the 20 years for each school; (3) a school's rank variance should be equivalent to a school's reputation variance; (4) previous reputation would predict current rank; and (5) previous rank would predict current reputation. Results showed that whereas rank corresponded roughly to reputation for a given school, there are noteworthy exceptions. One in seven schools offered a reliable correlation between rank and reputation, and four school correlations were negative. Rank and reputation variability correlated, though (marginally) better-ranked schools had stable reputation scores over the years. Implications for future ranking exercises are discussed, as are directions for future research.