AME vs HUBB: Correlation
Ametek (AME) and Hubbell Incorporated (HUBB) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and HUBB?
On 3 years of weekly data the AME/HUBB correlation comes out at 0.63, strong. The past 12 months show a tighter link (0.75) than the 3-year average (0.63). The 5-year figure is 0.64, and annualized covariance runs at 363.0 %².
Among the 31 assets we track against AME, HUBB ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AME outperformed by 24.7 percentage points (+31.4% for AME against +6.7% for HUBB). On a rolling one-year basis the correlation drifted between 0.43 and 0.73, a moderate band.
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.
AME vs HUBB: side by side
| AME (Ametek) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +31.4% | +6.7% |
| 5-year return | +83.6% | +142.6% |
| Volatility (ann.) | 20.4% | 28.3% |
| Beta vs S&P 500 | 0.84 | 1.10 |
| Max drawdown (3Y) | -23.0% | -32.6% |
| Market cap | $55.9B | $24.8B |
| P/E (trailing) | 35.8 | 27.9 |
| Dividend yield | 0.53% | 1.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AME | HUBB |
|---|---|---|
| 2022 | -4.3% | +15.1% |
| 2023 | +18.8% | +42.4% |
| 2024 | +10.0% | +28.9% |
| 2025 | +14.7% | +7.4% |
| 2026 | +19.1% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and HUBB good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AME and HUBB?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.75 over the last year and 0.64 over 5 years.
Is HUBB a good diversifier for AME?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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.
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Related comparisons
Hubs: AME correlations · HUBB correlations
