APOG vs IR: Correlation
How closely do Apogee Enterprises, Inc. (APOG) and Ingersoll Rand (IR) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and IR?
On 3 years of weekly data the APOG/IR correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.58 over 3. The 5-year figure is 0.60, and annualized covariance runs at 718.1 %².
Few assets follow APOG as closely as IR, which ranks #1 of 15 tracked partners. Twelve-month performance is nearly a tie, at -5.7% for APOG and -2.0% for IR.
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.
APOG vs IR: side by side
| APOG (Apogee Enterprises, Inc.) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | -5.7% | -2.0% |
| 5-year return | +5.1% | +49.2% |
| Volatility (ann.) | 41.4% | 29.8% |
| Beta vs S&P 500 | 0.88 | 1.17 |
| Max drawdown (3Y) | -62.5% | -36.6% |
| Market cap | $0.8B | $30.6B |
| P/E (trailing) | 12.7 | 32.6 |
| Dividend yield | 2.59% | 0.15% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | APOG | IR |
|---|---|---|
| 2022 | -5.7% | -15.4% |
| 2023 | +22.8% | +48.2% |
| 2024 | +35.8% | +17.1% |
| 2025 | -47.8% | -12.3% |
| 2026 | +14.0% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and IR good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APOG and IR?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.64 over the last year and 0.60 over 5 years.
Is IR a good diversifier for APOG?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/apog-vs-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apog-vs-ir/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APOG correlations · IR correlations
