AbstractThe ultra‐low frequency (ULF) waves can stochastically accelerate radiation belt electrons. Radial diffusion is a well‐established mechanism that can enhance or reduce the electron population in combination with other processes. Using data from the Van Allen Probes, we investigated the response of the 2.10 MeV energy electrons and ULF waves to two types of solar wind structures interacting with Earth's magnetosphere, namely, interplanetary coronal mass ejections (ICMEs) and High‐Speed solar wind streams (HSS). We use measured electron differential flux and ULF waves in the Pc4–Pc5 frequency range from October 2012 to May 2019. We examine 155 events with changes in the outer radiation belt electron differential flux. Results considering all ICMEs and HSSs during the Van Allen Probes era show that for both solar wind structures, solar wind interplanetary magnetic field Bz, solar wind proton density, and speed are related to the outer radiation belt relativistic electrons' response. The persistent ULF power is present during enhancement cases, while for reduction, the ULF waves power is concentrated at the initial reduction on the outer radiation belt electron flux.