HUBB vs MIR: Correlation
Measured on weekly returns over the past three years, Hubbell Incorporated (HUBB) and Mirion Technologies, Inc. (MIR) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and MIR?
Over the past 3 years, HUBB and MIR moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 651.9 %².
Among the 36 assets we track against HUBB, MIR ranks #20 by 3-year correlation. The last year tells two different stories: HUBB led by 34.0 percentage points, +6.7% for HUBB against -27.3% for MIR.
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.
HUBB vs MIR: side by side
| HUBB (Hubbell Incorporated) | MIR (Mirion Technologies, Inc.) | |
|---|---|---|
| 1-year return | +6.7% | -27.3% |
| 5-year return | +142.6% | +49.5% |
| Volatility (ann.) | 28.3% | 41.2% |
| Beta vs S&P 500 | 1.10 | 1.53 |
| Max drawdown (3Y) | -32.6% | -51.0% |
| Market cap | $24.8B | $3.7B |
| P/E (trailing) | 27.9 | 165.0 |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HUBB | MIR |
|---|---|---|
| 2022 | +15.1% | -36.9% |
| 2023 | +42.4% | +55.1% |
| 2024 | +28.9% | +70.2% |
| 2025 | +7.4% | +34.2% |
| 2026 | +6.5% | -36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and MIR good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HUBB and MIR?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.60 over the last year and 0.46 over 5 years.
Is MIR a good diversifier for HUBB?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
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
$ curl https://www.pairbook.io/api/v1/pairs/hubb-vs-mir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubb-vs-mir/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBB correlations · MIR correlations
