BCE vs HUBB: Correlation
How closely do BCE, Inc. (BCE) and Hubbell Incorporated (HUBB) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and HUBB?
On 3 years of weekly data the BCE/HUBB correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.07 lands near the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at -101.5 %².
Within BCE's tracked universe of 27 assets, HUBB comes in at #13 by 3-year correlation. The trailing year gives HUBB the advantage: -1.4% versus +6.7%, a 8.1-point spread.
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.
BCE vs HUBB: side by side
| BCE (BCE, Inc.) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | -1.4% | +6.7% |
| 5-year return | -36.8% | +142.6% |
| Volatility (ann.) | 21.5% | 28.3% |
| Beta vs S&P 500 | -0.06 | 1.10 |
| Max drawdown (3Y) | -43.5% | -32.6% |
| Market cap | $21.8B | $24.8B |
| P/E (trailing) | 4.8 | 27.9 |
| Dividend yield | 7.45% | 1.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BCE | HUBB |
|---|---|---|
| 2022 | -10.6% | +15.1% |
| 2023 | -4.2% | +42.4% |
| 2024 | -35.5% | +28.9% |
| 2025 | +10.2% | +7.4% |
| 2026 | +0.8% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and HUBB good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCE and HUBB?
As of 2026-08-27, the correlation of weekly returns between BCE and HUBB is -0.17 over 3 years, -0.07 over 1 year and 0.02 over 5 years.
Is HUBB a good diversifier for BCE?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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
$ curl https://www.pairbook.io/api/v1/pairs/bce-vs-hubb.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BCE correlations · HUBB correlations
