ABM vs CTAS: Correlation
ABM Industries Incorporated (ABM) and Cintas (CTAS) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and CTAS?
Across a 3-year window, the weekly returns of ABM and CTAS correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 352.0 %².
By 3-year correlation, CTAS places #6 of the 12 assets tracked against ABM. Twelve-month performance is nearly a tie, at -2.5% for ABM and -3.3% for CTAS.
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.
ABM vs CTAS: side by side
| ABM (ABM Industries Incorporated) | CTAS (Cintas) | |
|---|---|---|
| 1-year return | -2.5% | -3.3% |
| 5-year return | +6.5% | +117.4% |
| Volatility (ann.) | 28.9% | 23.2% |
| Beta vs S&P 500 | 0.79 | 0.71 |
| Max drawdown (3Y) | -34.4% | -27.7% |
| Market cap | $2.8B | $81.7B |
| P/E (trailing) | 18.4 | 41.8 |
| Dividend yield | 2.32% | 0.87% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ABM | CTAS |
|---|---|---|
| 2022 | +10.7% | +3.0% |
| 2023 | +3.0% | +34.8% |
| 2024 | +16.4% | +22.2% |
| 2025 | -15.5% | +3.8% |
| 2026 | +13.8% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and CTAS good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABM and CTAS?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.50 over the last year and 0.51 over 5 years.
Is CTAS a good diversifier for ABM?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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/abm-vs-ctas.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abm-vs-ctas/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABM correlations · CTAS correlations
