HUBB vs NVT: Correlation
Hubbell Incorporated (HUBB) and nVent Electric plc (NVT) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and NVT?
Over the past 3 years, HUBB and NVT moved with a correlation of 0.67, which is strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.67 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 699.4 %².
Within HUBB's tracked universe of 36 assets, NVT comes in at #4 by 3-year correlation. The last year tells two different stories: NVT led by 65.2 percentage points, +6.7% for HUBB against +71.9% for NVT.
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 NVT: side by side
| HUBB (Hubbell Incorporated) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +6.7% | +71.9% |
| 5-year return | +142.6% | +382.4% |
| Volatility (ann.) | 28.3% | 36.7% |
| Beta vs S&P 500 | 1.10 | 1.68 |
| Max drawdown (3Y) | -32.6% | -46.7% |
| Market cap | $24.8B | $25.2B |
| P/E (trailing) | 27.9 | 43.2 |
| Dividend yield | 1.18% | 0.53% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HUBB | NVT |
|---|---|---|
| 2022 | +15.1% | +3.3% |
| 2023 | +42.4% | +56.0% |
| 2024 | +28.9% | +16.6% |
| 2025 | +7.4% | +51.3% |
| 2026 | +6.5% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and NVT good diversifiers for each other?
Only partially. A correlation of 0.67 means HUBB and NVT 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 HUBB and NVT?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.58 over the last year and 0.64 over 5 years.
Is NVT a good diversifier for HUBB?
Only partially. A correlation of 0.67 means HUBB and NVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hubb-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hubb-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBB correlations · NVT correlations
