EME vs HUBB: Correlation
Measured on weekly returns over the past three years, Emcor (EME) 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 EME and HUBB?
On 3 years of weekly data the EME/HUBB correlation comes out at 0.62, strong. The past 12 months show a weaker link (0.36) than the 3-year average (0.62). The 5-year figure is 0.60, and annualized covariance runs at 613.4 %².
By 3-year correlation, HUBB places #8 of the 34 assets tracked against EME. Correlation aside, the last 12 months split them widely, with EME ahead by 17.8 points (+24.5% versus +6.7%). Across three years, the rolling one-year figure varied moderately, from 0.30 to 0.79.
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.
EME vs HUBB: side by side
| EME (Emcor) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +24.5% | +6.7% |
| 5-year return | +540.3% | +142.6% |
| Volatility (ann.) | 34.9% | 28.3% |
| Beta vs S&P 500 | 1.31 | 1.10 |
| Max drawdown (3Y) | -36.2% | -32.6% |
| Market cap | $34.2B | $24.8B |
| P/E (trailing) | 23.8 | 27.9 |
| Dividend yield | 0.09% | 1.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EME | HUBB |
|---|---|---|
| 2022 | +16.8% | +15.1% |
| 2023 | +46.0% | +42.4% |
| 2024 | +111.3% | +28.9% |
| 2025 | +35.1% | +7.4% |
| 2026 | +26.9% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and HUBB good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EME and HUBB?
The EME/HUBB correlation stands at 0.62 on a 3-year window (1 year: 0.36, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is HUBB a good diversifier for EME?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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: EME correlations · HUBB correlations
