SPXC vs. HUBB
SPXC (SPX Corporation) and HUBB (Hubbell Incorporated) are both stocks. Both are in the Industrials sector — SPXC in Specialty Industrial Machinery, HUBB in Electrical Equipment & Parts. Over the past 10 years, SPXC returned 31.60%/yr vs 18.79%/yr for HUBB. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
SPXC vs. HUBB - Performance Comparison
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Returns By Period
In the year-to-date period, SPXC achieves a 16.71% return, which is significantly higher than HUBB's 6.28% return. Over the past 10 years, SPXC has outperformed HUBB with an annualized return of 31.60%, while HUBB has yielded a comparatively lower 18.79% annualized return.
SPXC
- 1D
- 4.41%
- 1M
- 17.34%
- YTD
- 16.71%
- 6M
- 3.88%
- 1Y
- 45.38%
- 3Y*
- 40.55%
- 5Y*
- 31.42%
- 10Y*
- 31.60%
HUBB
- 1D
- 0.37%
- 1M
- -3.14%
- YTD
- 6.28%
- 6M
- 1.99%
- 1Y
- 22.11%
- 3Y*
- 16.24%
- 5Y*
- 22.43%
- 10Y*
- 18.79%
SPXC vs. HUBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 16.71% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
HUBB Hubbell Incorporated | 6.28% | 7.43% | 28.94% | 42.40% | 15.08% | 35.60% | 8.89% | 52.88% | -24.61% | 18.83% |
Correlation
The correlation between SPXC and HUBB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2015 | 0.58 |
The correlation between SPXC and HUBB has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
Fundamentals
SPXC:
$11.80B
HUBB:
$25.02B
SPXC:
$5.19
HUBB:
$16.89
SPXC:
45.00
HUBB:
27.78
SPXC:
0.01
HUBB:
1.16
SPXC:
4.85
HUBB:
4.20
SPXC:
5.16
HUBB:
6.62
SPXC:
$2.35B
HUBB:
$6.00B
SPXC:
$909.30M
HUBB:
$2.13B
SPXC:
$475.30M
HUBB:
$1.44B
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Return for Risk
SPXC vs. HUBB — Risk / Return Rank
SPXC
HUBB
SPXC vs. HUBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) and Hubbell Incorporated (HUBB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPXC | HUBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.28 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.04 | 3.40 | +1.64 |
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Drawdowns
SPXC vs. HUBB - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, which is greater than HUBB's maximum drawdown of -41.63%. Use the drawdown chart below to compare losses from any high point for SPXC and HUBB.
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Drawdown Indicators
| SPXC | HUBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.12% | -41.63% | -39.49% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -17.36% | -5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | -32.65% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -32.65% | -5.67% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -41.63% | -8.63% |
Current DrawdownCurrent decline from peak | -3.93% | -15.62% | +11.69% |
Average DrawdownAverage peak-to-trough decline | -29.01% | -7.43% | -21.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.04% | 6.51% | +2.53% |
Volatility
SPXC vs. HUBB - Volatility Comparison
SPX Corporation (SPXC) has a higher volatility of 11.22% compared to Hubbell Incorporated (HUBB) at 8.30%. This indicates that SPXC's price experiences larger fluctuations and is considered to be riskier than HUBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXC | HUBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.22% | 8.30% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 28.23% | 22.61% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.72% | 28.80% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.15% | 29.22% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.47% | 28.79% | +8.68% |
Dividends
SPXC vs. HUBB - Dividend Comparison
SPXC has not paid dividends to shareholders, while HUBB's dividend yield for the trailing twelve months is around 1.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HUBB Hubbell Incorporated | 1.19% | 1.21% | 1.19% | 1.39% | 1.82% | 1.92% | 2.37% | 2.32% | 3.17% | 2.12% | 2.22% | 0.00% |
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
Financials
SPXC vs. HUBB - Financials Comparison
This section allows you to compare key financial metrics between SPX Corporation and Hubbell Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SPXC vs. HUBB - Profitability Comparison
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
HUBB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hubbell Incorporated reported a gross profit of 505.30M and revenue of 1.52B. Therefore, the gross margin over that period was 33.3%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
HUBB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hubbell Incorporated reported an operating income of 263.80M and revenue of 1.52B, resulting in an operating margin of 17.4%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
HUBB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hubbell Incorporated reported a net income of 181.80M and revenue of 1.52B, resulting in a net margin of 12.0%.
Frequently Asked Questions
SPXC and HUBB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXC has higher volatility (11.22%) compared to HUBB (8.30%). In terms of maximum drawdown, SPXC dropped -81.12% vs HUBB's -41.63%.
SPXC currently has the higher Sharpe Ratio (1.24 vs 0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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