HUBB vs TT: Correlation
How closely do Hubbell Incorporated (HUBB) and Trane Technologies (TT) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and TT?
Over the past 3 years, HUBB and TT moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 509.8 %².
Within HUBB's tracked universe of 36 assets, TT comes in at #6 by 3-year correlation. Neither side won the trailing year by much: +6.7% against +7.8%. On a rolling one-year basis the correlation drifted between 0.39 and 0.82, a moderate band.
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 TT: side by side
| HUBB (Hubbell Incorporated) | TT (Trane Technologies) | |
|---|---|---|
| 1-year return | +6.7% | +7.8% |
| 5-year return | +142.6% | +141.4% |
| Volatility (ann.) | 28.3% | 27.8% |
| Beta vs S&P 500 | 1.10 | 1.19 |
| Max drawdown (3Y) | -32.6% | -24.4% |
| Market cap | $24.8B | $100.0B |
| P/E (trailing) | 27.9 | 33.8 |
| Dividend yield | 1.18% | 0.86% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | HUBB | TT |
|---|---|---|
| 2022 | +15.1% | -15.3% |
| 2023 | +42.4% | +47.4% |
| 2024 | +28.9% | +53.0% |
| 2025 | +7.4% | +6.1% |
| 2026 | +6.5% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and TT good diversifiers for each other?
To a limited degree. At 0.65 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 TT?
As of 2026-08-27, the correlation of weekly returns between HUBB and TT is 0.65 over 3 years, 0.64 over 1 year and 0.62 over 5 years.
Is TT a good diversifier for HUBB?
To a limited degree. At 0.65 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 0.65 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-tt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hubb-vs-tt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUBB correlations · TT correlations
