HUBB vs WAB: Correlation
Measured on weekly returns over the past three years, Hubbell Incorporated (HUBB) and Wabtec (WAB) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and WAB?
Across a 3-year window, the weekly returns of HUBB and WAB correlate at 0.57, moderate. The past 12 months show a weaker link (0.43) than the 3-year average (0.57). Stretching to 5 years gives 0.53, with an annualized covariance of 409.6 %².
Among the 36 assets we track against HUBB, WAB ranks #18 by 3-year correlation. The last year tells two different stories: WAB led by 46.2 percentage points, +6.7% for HUBB against +52.9% for WAB. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.19 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 WAB: side by side
| HUBB (Hubbell Incorporated) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | +6.7% | +52.9% |
| 5-year return | +142.6% | +241.0% |
| Volatility (ann.) | 28.3% | 25.3% |
| Beta vs S&P 500 | 1.10 | 0.99 |
| Max drawdown (3Y) | -32.6% | -23.6% |
| Market cap | $24.8B | $50.2B |
| P/E (trailing) | 27.9 | 40.5 |
| Dividend yield | 1.18% | 0.37% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | HUBB | WAB |
|---|---|---|
| 2022 | +15.1% | +9.1% |
| 2023 | +42.4% | +28.0% |
| 2024 | +28.9% | +50.1% |
| 2025 | +7.4% | +13.2% |
| 2026 | +6.5% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and WAB good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HUBB and WAB?
The HUBB/WAB correlation stands at 0.57 on a 3-year window (1 year: 0.43, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is WAB a good diversifier for HUBB?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubb-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUBB correlations · WAB correlations
