ETN vs HUBB: Correlation
Eaton Corporation (ETN) and Hubbell Incorporated (HUBB) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and HUBB?
On 3 years of weekly data the ETN/HUBB correlation comes out at 0.77, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 659.5 %².
In ETN's tracked universe of 44 assets, HUBB sits right near the top at #2. On 12-month performance ETN holds a 13.0-point edge, +19.7% against +6.7%. Across three years, the rolling one-year figure varied moderately, from 0.58 to 0.85.
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.
ETN vs HUBB: side by side
| ETN (Eaton Corporation) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +19.7% | +6.7% |
| 5-year return | +164.1% | +142.6% |
| Volatility (ann.) | 30.2% | 28.3% |
| Beta vs S&P 500 | 1.33 | 1.10 |
| Max drawdown (3Y) | -34.5% | -32.6% |
| Market cap | $161.6B | $24.8B |
| P/E (trailing) | 42.4 | 27.9 |
| Dividend yield | 1.02% | 1.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ETN | HUBB |
|---|---|---|
| 2022 | -7.2% | +15.1% |
| 2023 | +56.2% | +42.4% |
| 2024 | +39.5% | +28.9% |
| 2025 | -2.8% | +7.4% |
| 2026 | +31.7% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and HUBB good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ETN and HUBB?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.71 over the last year and 0.75 over 5 years.
Is HUBB a good diversifier for ETN?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 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: ETN correlations · HUBB correlations
