GLW vs HUBS: Correlation
How closely do Corning Inc. (GLW) and HubSpot, Inc. (HUBS) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and HUBS?
Across a 3-year window, the weekly returns of GLW and HUBS correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.26). Stretching to 5 years gives -0.05, with an annualized covariance of -546.1 %².
Among the 37 assets we track against GLW, HUBS ranks #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GLW ahead by 175.2 points (+129.7% versus -45.5%).
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.
GLW vs HUBS: side by side
| GLW (Corning Inc.) | HUBS (HubSpot, Inc.) | |
|---|---|---|
| 1-year return | +129.7% | -45.5% |
| 5-year return | +331.4% | -63.5% |
| Volatility (ann.) | 42.1% | 50.4% |
| Beta vs S&P 500 | 1.15 | 1.18 |
| Max drawdown (3Y) | -51.5% | -79.2% |
| Market cap | $131.6B | $13.1B |
| P/E (trailing) | 70.4 | 90.7 |
| Dividend yield | 0.73% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GLW | HUBS |
|---|---|---|
| 2022 | -11.6% | -56.1% |
| 2023 | -1.2% | +100.8% |
| 2024 | +60.6% | +20.0% |
| 2025 | +87.8% | -42.4% |
| 2026 | +75.1% | -36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and HUBS good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between GLW and HUBS?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.51 over the last year and -0.05 over 5 years.
Is HUBS a good diversifier for GLW?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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: GLW correlations · HUBS correlations
