HUBB vs PNR: Correlation
Hubbell Incorporated (HUBB) and Pentair (PNR) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and PNR?
Across a 3-year window, the weekly returns of HUBB and PNR correlate at 0.52, moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.52). Stretching to 5 years gives 0.56, with an annualized covariance of 417.7 %².
Within HUBB's tracked universe of 36 assets, PNR comes in at #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HUBB ahead by 49.2 points (+6.7% versus -42.5%). The rolling one-year correlation moved between 0.41 and 0.71 over the past three years, a moderate range.
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 PNR: side by side
| HUBB (Hubbell Incorporated) | PNR (Pentair) | |
|---|---|---|
| 1-year return | +6.7% | -42.5% |
| 5-year return | +142.6% | -14.1% |
| Volatility (ann.) | 28.3% | 28.2% |
| Beta vs S&P 500 | 1.10 | 1.07 |
| Max drawdown (3Y) | -32.6% | -45.0% |
| Market cap | $24.8B | $9.9B |
| P/E (trailing) | 27.9 | 16.2 |
| Dividend yield | 1.18% | 1.65% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | HUBB | PNR |
|---|---|---|
| 2022 | +15.1% | -37.4% |
| 2023 | +42.4% | +64.2% |
| 2024 | +28.9% | +40.0% |
| 2025 | +7.4% | +4.5% |
| 2026 | +6.5% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and PNR good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HUBB and PNR?
The HUBB/PNR correlation stands at 0.52 on a 3-year window (1 year: 0.40, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is PNR a good diversifier for HUBB?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hubb-vs-pnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubb-vs-pnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUBB correlations · PNR correlations
