BDC vs HUBB: Correlation
How closely do Belden Inc (BDC) and Hubbell Incorporated (HUBB) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDC and HUBB?
Across a 3-year window, the weekly returns of BDC and HUBB correlate at 0.60, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 665.1 %².
In BDC's tracked universe of 13 assets, HUBB sits right near the top at #1. The last year tells two different stories: HUBB led by 16.3 percentage points, -9.6% for BDC against +6.7% for HUBB.
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.
BDC vs HUBB: side by side
| BDC (Belden Inc) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | -9.6% | +6.7% |
| 5-year return | +113.6% | +142.6% |
| Volatility (ann.) | 39.2% | 28.3% |
| Beta vs S&P 500 | 1.17 | 1.10 |
| Max drawdown (3Y) | -35.8% | -32.6% |
| Market cap | $4.7B | $24.8B |
| P/E (trailing) | 19.5 | 27.9 |
| Dividend yield | 0.17% | 1.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BDC | HUBB |
|---|---|---|
| 2022 | +9.7% | +15.1% |
| 2023 | +7.7% | +42.4% |
| 2024 | +46.1% | +28.9% |
| 2025 | +3.7% | +7.4% |
| 2026 | +3.0% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDC and HUBB good diversifiers for each other?
Only partially. A correlation of 0.60 means BDC and HUBB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BDC and HUBB?
As of 2026-08-27, the correlation of weekly returns between BDC and HUBB is 0.60 over 3 years, 0.62 over 1 year and 0.58 over 5 years.
Is HUBB a good diversifier for BDC?
Only partially. A correlation of 0.60 means BDC and HUBB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/bdc-vs-hubb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bdc-vs-hubb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDC correlations · HUBB correlations
