AME vs ITT: Correlation
Ametek (AME) and ITT Inc. (ITT) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and ITT?
On 3 years of weekly data the AME/ITT correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 393.6 %².
In AME's tracked universe of 31 assets, ITT sits right near the top at #2. The trailing year gives AME the advantage: +31.4% versus +20.8%, a 10.6-point spread.
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.
AME vs ITT: side by side
| AME (Ametek) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +31.4% | +20.8% |
| 5-year return | +83.6% | +124.4% |
| Volatility (ann.) | 20.4% | 27.4% |
| Beta vs S&P 500 | 0.84 | 1.33 |
| Max drawdown (3Y) | -23.0% | -29.1% |
| Market cap | $55.9B | – |
| P/E (trailing) | 35.8 | 40.9 |
| Dividend yield | 0.53% | 0.70% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AME | ITT |
|---|---|---|
| 2022 | -4.3% | -19.5% |
| 2023 | +18.8% | +48.9% |
| 2024 | +10.0% | +20.9% |
| 2025 | +14.7% | +22.5% |
| 2026 | +19.1% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and ITT good diversifiers for each other?
To a limited degree. At 0.70 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 AME and ITT?
The AME/ITT correlation stands at 0.70 on a 3-year window (1 year: 0.69, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is ITT a good diversifier for AME?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ame-vs-itt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ame-vs-itt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AME correlations · ITT correlations
