GEV vs HUBB: Correlation
How closely do GE Vernova (GEV) and Hubbell Incorporated (HUBB) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and HUBB?
Across a 3-year window, the weekly returns of GEV and HUBB correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 761.3 %².
Among the 33 assets we track against GEV, HUBB ranks #7 by 3-year correlation. The last year tells two different stories: GEV led by 46.9 percentage points, +53.6% for GEV against +6.7% for HUBB. Stability stands out here, with the rolling one-year correlation confined to 0.44 through 0.69. Risk is not evenly split, since GEV carries 1.6 times the volatility of the other side.
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.
GEV vs HUBB: side by side
| GEV (GE Vernova) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +53.6% | +6.7% |
| 5-year return | n/a | +142.6% |
| Volatility (ann.) | 45.8% | 28.3% |
| Beta vs S&P 500 | 1.42 | 1.10 |
| Max drawdown (3Y) | -38.3% | -32.6% |
| Market cap | $254.0B | $24.8B |
| P/E (trailing) | 27.3 | 27.9 |
| Dividend yield | 0.18% | 1.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GEV | HUBB |
|---|---|---|
| 2022 | – | +15.1% |
| 2023 | – | +42.4% |
| 2024 | – | +28.9% |
| 2025 | +99.0% | +7.4% |
| 2026 | +46.2% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and HUBB good diversifiers for each other?
To a limited degree. At 0.56 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 GEV and HUBB?
The GEV/HUBB correlation stands at 0.56 on a 3-year window (1 year: 0.55, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is HUBB a good diversifier for GEV?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: GEV correlations · HUBB correlations
