HUBB vs VST: Correlation
Measured on weekly returns over the past three years, Hubbell Incorporated (HUBB) and Vistra Corp. (VST) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and VST?
Over the past 3 years, HUBB and VST moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 797.0 %².
Among the 36 assets we track against HUBB, VST ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HUBB outperformed by 34.5 percentage points (+6.7% for HUBB against -27.8% for VST). This link changes with the market regime, having swung between 0.00 and 0.68 on a rolling one-year basis. One caveat on sizing: VST is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VST: side by side
| HUBB (Hubbell Incorporated) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | +6.7% | -27.8% |
| 5-year return | +142.6% | +713.7% |
| Volatility (ann.) | 28.3% | 52.8% |
| Beta vs S&P 500 | 1.10 | 1.62 |
| Max drawdown (3Y) | -32.6% | -48.8% |
| Market cap | $24.8B | $46.9B |
| P/E (trailing) | 27.9 | 23.6 |
| Dividend yield | 1.18% | 0.65% |
| Sector / category | Industrials | Utilities |
Year-by-year returns
| Year | HUBB | VST |
|---|---|---|
| 2022 | +15.1% | +5.1% |
| 2023 | +42.4% | +70.7% |
| 2024 | +28.9% | +261.5% |
| 2025 | +7.4% | +17.7% |
| 2026 | +6.5% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and VST good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HUBB and VST?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.38 over the last year and 0.47 over 5 years.
Is VST a good diversifier for HUBB?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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 · VST correlations
