DOV vs HUBB: Correlation
Measured on weekly returns over the past three years, Dover Corporation (DOV) and Hubbell Incorporated (HUBB) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and HUBB?
Over the past 3 years, DOV and HUBB moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 407.8 %².
By 3-year correlation, HUBB places #27 of the 78 assets tracked against DOV. Twelve-month performance is nearly a tie, at +11.6% for DOV and +6.7% for HUBB. Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.71.
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.
DOV vs HUBB: side by side
| DOV (Dover Corporation) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +11.6% | +6.7% |
| 5-year return | +21.8% | +142.6% |
| Volatility (ann.) | 22.8% | 28.3% |
| Beta vs S&P 500 | 0.99 | 1.10 |
| Max drawdown (3Y) | -26.6% | -32.6% |
| Market cap | $27.2B | $24.8B |
| P/E (trailing) | 24.8 | 27.9 |
| Dividend yield | 1.02% | 1.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DOV | HUBB |
|---|---|---|
| 2022 | -24.3% | +15.1% |
| 2023 | +15.2% | +42.4% |
| 2024 | +23.3% | +28.9% |
| 2025 | +5.2% | +7.4% |
| 2026 | +3.9% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV 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 DOV and HUBB?
The DOV/HUBB correlation stands at 0.63 on a 3-year window (1 year: 0.60, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is HUBB a good diversifier for DOV?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dov-vs-hubb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dov-vs-hubb/)
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Related comparisons
Hubs: DOV correlations · HUBB correlations
