AIT vs ITT: Correlation
Applied Industrial Technologies, Inc. (AIT) and ITT Inc. (ITT) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIT and ITT?
Over the past 3 years, AIT and ITT moved with a correlation of 0.69, which is strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 493.1 %².
Few assets follow AIT as closely as ITT, which ranks #3 of 26 tracked partners. Over the last 12 months AIT came out ahead by 6.1 percentage points (+26.9% against +20.8%).
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.
AIT vs ITT: side by side
| AIT (Applied Industrial Technologies, Inc.) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +20.8% |
| 5-year return | +291.4% | +124.4% |
| Volatility (ann.) | 26.0% | 27.4% |
| Beta vs S&P 500 | 1.03 | 1.33 |
| Max drawdown (3Y) | -26.4% | -29.1% |
| Market cap | $12.4B | – |
| P/E (trailing) | 31.2 | 40.9 |
| Dividend yield | 0.57% | 0.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIT | ITT |
|---|---|---|
| 2022 | +24.2% | -19.5% |
| 2023 | +38.4% | +48.9% |
| 2024 | +39.7% | +20.9% |
| 2025 | +8.0% | +22.5% |
| 2026 | +32.4% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIT and ITT good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIT and ITT?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.67 over the last year and 0.68 over 5 years.
Is ITT a good diversifier for AIT?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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/ait-vs-itt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ait-vs-itt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIT correlations · ITT correlations
