HUBB vs VRT: Correlation
Hubbell Incorporated (HUBB) and Vertiv (VRT) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and VRT?
On 3 years of weekly data the HUBB/VRT correlation comes out at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.64 over 3 years. The 5-year figure is 0.54, and annualized covariance runs at 1030.4 %².
Within HUBB's tracked universe of 36 assets, VRT comes in at #7 by 3-year correlation. The last year tells two different stories: VRT led by 101.8 percentage points, +6.7% for HUBB against +108.5% for VRT. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.77. Note the risk asymmetry: VRT runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VRT: side by side
| HUBB (Hubbell Incorporated) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | +6.7% | +108.5% |
| 5-year return | +142.6% | +847.7% |
| Volatility (ann.) | 28.3% | 57.1% |
| Beta vs S&P 500 | 1.10 | 2.36 |
| Max drawdown (3Y) | -32.6% | -61.3% |
| Market cap | $24.8B | $103.7B |
| P/E (trailing) | 27.9 | 59.6 |
| Dividend yield | 1.18% | 0.07% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | HUBB | VRT |
|---|---|---|
| 2022 | +15.1% | -45.3% |
| 2023 | +42.4% | +251.8% |
| 2024 | +28.9% | +136.8% |
| 2025 | +7.4% | +42.8% |
| 2026 | +6.5% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and VRT good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HUBB and VRT?
The HUBB/VRT correlation stands at 0.64 on a 3-year window (1 year: 0.47, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is VRT a good diversifier for HUBB?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubb-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUBB correlations · VRT correlations
