AOS vs IR: Correlation
A. O. Smith (AOS) and Ingersoll Rand (IR) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and IR?
Over the past 3 years, AOS and IR moved with a correlation of 0.60, which is strong. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.60). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 422.0 %².
Within AOS's tracked universe of 33 assets, IR comes in at #14 by 3-year correlation. Over the last 12 months IR came out ahead by 10.6 percentage points (-12.6% against -2.0%). Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.77.
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.
AOS vs IR: side by side
| AOS (A. O. Smith) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | -12.6% | -2.0% |
| 5-year return | -6.7% | +49.2% |
| Volatility (ann.) | 23.5% | 29.8% |
| Beta vs S&P 500 | 0.67 | 1.17 |
| Max drawdown (3Y) | -36.9% | -36.6% |
| Market cap | $8.4B | $30.6B |
| P/E (trailing) | 17.4 | 32.6 |
| Dividend yield | 2.27% | 0.15% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AOS | IR |
|---|---|---|
| 2022 | -32.1% | -15.4% |
| 2023 | +46.7% | +48.2% |
| 2024 | -15.9% | +17.1% |
| 2025 | +0.1% | -12.3% |
| 2026 | -5.8% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and IR good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AOS and IR?
As of 2026-08-27, the correlation of weekly returns between AOS and IR is 0.60 over 3 years, 0.75 over 1 year and 0.64 over 5 years.
Is IR a good diversifier for AOS?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aos-vs-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aos-vs-ir/)
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Related comparisons
Hubs: AOS correlations · IR correlations
