FIX vs HUBB: Correlation
Measured on weekly returns over the past three years, Comfort Systems USA (FIX) 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 FIX and HUBB?
Across a 3-year window, the weekly returns of FIX and HUBB correlate at 0.63, strong. The past 12 months show a weaker link (0.42) than the 3-year average (0.63). Stretching to 5 years gives 0.63, with an annualized covariance of 850.6 %².
By 3-year correlation, HUBB places #8 of the 37 assets tracked against FIX. The last year tells two different stories: FIX led by 121.3 percentage points, +128.0% for FIX against +6.7% for HUBB. On a rolling one-year basis the correlation drifted between 0.38 and 0.80, a moderate band. One caveat on sizing: FIX is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FIX vs HUBB: side by side
| FIX (Comfort Systems USA) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +128.0% | +6.7% |
| 5-year return | +2077.9% | +142.6% |
| Volatility (ann.) | 47.4% | 28.3% |
| Beta vs S&P 500 | 1.74 | 1.10 |
| Max drawdown (3Y) | -46.0% | -32.6% |
| Market cap | $56.8B | $24.8B |
| P/E (trailing) | 39.8 | 27.9 |
| Dividend yield | 0.16% | 1.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | FIX | HUBB |
|---|---|---|
| 2022 | +17.0% | +15.1% |
| 2023 | +79.6% | +42.4% |
| 2024 | +106.9% | +28.9% |
| 2025 | +120.9% | +7.4% |
| 2026 | +73.3% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIX and HUBB good diversifiers for each other?
Only partially. A correlation of 0.63 means FIX 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 FIX and HUBB?
As of 2026-08-27, the correlation of weekly returns between FIX and HUBB is 0.63 over 3 years, 0.42 over 1 year and 0.63 over 5 years.
Is HUBB a good diversifier for FIX?
Only partially. A correlation of 0.63 means FIX 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 0.63 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.
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Related comparisons
Hubs: FIX correlations · HUBB correlations
