APH vs HUBB: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and Hubbell Incorporated (HUBB) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and HUBB?
Across a 3-year window, the weekly returns of APH and HUBB correlate at 0.62, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.62). Stretching to 5 years gives 0.58, with an annualized covariance of 587.0 %².
Among the 38 assets we track against APH, HUBB ranks #17 by 3-year correlation. The last year tells two different stories: APH led by 40.8 percentage points, +47.5% for APH against +6.7% for HUBB. The rolling one-year correlation moved between 0.33 and 0.75 over the past three years, a moderate range.
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.
APH vs HUBB: side by side
| APH (Amphenol) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +47.5% | +6.7% |
| 5-year return | +338.9% | +142.6% |
| Volatility (ann.) | 33.6% | 28.3% |
| Beta vs S&P 500 | 1.57 | 1.10 |
| Max drawdown (3Y) | -28.2% | -32.6% |
| Market cap | $199.0B | $24.8B |
| P/E (trailing) | 40.3 | 27.9 |
| Dividend yield | 0.57% | 1.18% |
| Sector / category | Information Technology | Industrials |
Year-by-year returns
| Year | APH | HUBB |
|---|---|---|
| 2022 | -12.0% | +15.1% |
| 2023 | +31.5% | +42.4% |
| 2024 | +41.3% | +28.9% |
| 2025 | +96.1% | +7.4% |
| 2026 | +19.8% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and HUBB good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APH and HUBB?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.50 over the last year and 0.58 over 5 years.
Is HUBB a good diversifier for APH?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: APH correlations · HUBB correlations
