HUBB vs QQQ: Correlation
Hubbell Incorporated (HUBB) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and QQQ?
Over the past 3 years, HUBB and QQQ moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 298.3 %².
By 3-year correlation, QQQ places #23 of the 36 assets tracked against HUBB. The last year tells two different stories: QQQ led by 19.6 percentage points, +6.7% for HUBB against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.20 to 0.75.
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 QQQ: side by side
| HUBB (Hubbell Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.7% | +26.3% |
| 5-year return | +142.6% | +95.4% |
| Volatility (ann.) | 28.3% | 19.6% |
| Beta vs S&P 500 | 1.10 | 1.28 |
| Max drawdown (3Y) | -32.6% | -22.8% |
| Market cap | $24.8B | – |
| P/E (trailing) | 27.9 | – |
| Dividend yield | 1.18% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | HUBB | QQQ |
|---|---|---|
| 2022 | +15.1% | -32.6% |
| 2023 | +42.4% | +54.9% |
| 2024 | +28.9% | +25.6% |
| 2025 | +7.4% | +20.8% |
| 2026 | +6.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and QQQ good diversifiers for each other?
Only partially. A correlation of 0.54 means HUBB and QQQ 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 QQQ?
As of 2026-08-27, the correlation of weekly returns between HUBB and QQQ is 0.54 over 3 years, 0.32 over 1 year and 0.52 over 5 years.
Is QQQ a good diversifier for HUBB?
Only partially. A correlation of 0.54 means HUBB and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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
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Related comparisons
Hubs: HUBB correlations · QQQ correlations
