CSW vs HUBB: Correlation
Measured on weekly returns over the past three years, CSW Industrials, Inc. (CSW) and Hubbell Incorporated (HUBB) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSW and HUBB?
Over the past 3 years, CSW and HUBB moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 655.1 %².
HUBB is one of the assets that tracks CSW most closely: it ranks #3 out of the 12 assets we track against CSW. On 12-month performance CSW holds a 11.7-point edge, +18.4% against +6.7%.
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.
CSW vs HUBB: side by side
| CSW (CSW Industrials, Inc.) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +18.4% | +6.7% |
| 5-year return | +140.7% | +142.6% |
| Volatility (ann.) | 37.7% | 28.3% |
| Beta vs S&P 500 | 1.34 | 1.10 |
| Max drawdown (3Y) | -46.2% | -32.6% |
| Market cap | $5.2B | $24.8B |
| P/E (trailing) | 44.2 | 27.9 |
| Dividend yield | 0.34% | 1.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CSW | HUBB |
|---|---|---|
| 2022 | -3.5% | +15.1% |
| 2023 | +79.8% | +42.4% |
| 2024 | +70.6% | +28.9% |
| 2025 | -16.5% | +7.4% |
| 2026 | +8.8% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSW and HUBB good diversifiers for each other?
Only partially. A correlation of 0.61 means CSW 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 CSW and HUBB?
The CSW/HUBB correlation stands at 0.61 on a 3-year window (1 year: 0.49, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is HUBB a good diversifier for CSW?
Only partially. A correlation of 0.61 means CSW 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 0.61 mean?
On the −1 to +1 scale, 0.61 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
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Related comparisons
Hubs: CSW correlations · HUBB correlations
