HUBB vs SPXC: Correlation
Measured on weekly returns over the past three years, Hubbell Incorporated (HUBB) and SPX Technologies, Inc. (SPXC) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and SPXC?
On 3 years of weekly data the HUBB/SPXC correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 602.8 %².
By 3-year correlation, SPXC places #11 of the 36 assets tracked against HUBB. Neither side won the trailing year by much: +6.7% against +6.7%.
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 SPXC: side by side
| HUBB (Hubbell Incorporated) | SPXC (SPX Technologies, Inc.) | |
|---|---|---|
| 1-year return | +6.7% | +6.7% |
| 5-year return | +142.6% | +226.0% |
| Volatility (ann.) | 28.3% | 33.7% |
| Beta vs S&P 500 | 1.10 | 1.20 |
| Max drawdown (3Y) | -32.6% | -33.5% |
| Market cap | $24.8B | $10.3B |
| P/E (trailing) | 27.9 | 36.1 |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HUBB | SPXC |
|---|---|---|
| 2022 | +15.1% | +10.0% |
| 2023 | +42.4% | +53.9% |
| 2024 | +28.9% | +44.1% |
| 2025 | +7.4% | +37.5% |
| 2026 | +6.5% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and SPXC good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HUBB and SPXC?
The HUBB/SPXC correlation stands at 0.63 on a 3-year window (1 year: 0.64, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is SPXC a good diversifier for HUBB?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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: HUBB correlations · SPXC correlations
