BRC vs IR: Correlation
How closely do Brady Corporation (BRC) and Ingersoll Rand (IR) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRC and IR?
On 3 years of weekly data the BRC/IR correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 362.5 %².
In BRC's tracked universe of 14 assets, IR sits right near the top at #3. The last year tells two different stories: BRC led by 24.1 percentage points, +22.1% for BRC against -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.
BRC vs IR: side by side
| BRC (Brady Corporation) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | +22.1% | -2.0% |
| 5-year return | +91.6% | +49.2% |
| Volatility (ann.) | 26.5% | 29.8% |
| Beta vs S&P 500 | 0.43 | 1.17 |
| Max drawdown (3Y) | -26.1% | -36.6% |
| Market cap | – | $30.6B |
| P/E (trailing) | 21.4 | 32.6 |
| Dividend yield | 1.04% | 0.15% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BRC | IR |
|---|---|---|
| 2022 | -10.9% | -15.4% |
| 2023 | +26.9% | +48.2% |
| 2024 | +27.7% | +17.1% |
| 2025 | +7.6% | -12.3% |
| 2026 | +20.3% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRC and IR good diversifiers for each other?
Reasonably. At 0.46, BRC and IR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRC and IR?
As of 2026-08-27, the correlation of weekly returns between BRC and IR is 0.46 over 3 years, 0.53 over 1 year and 0.48 over 5 years.
Is IR a good diversifier for BRC?
Reasonably. At 0.46, BRC and IR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/brc-vs-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brc-vs-ir/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRC correlations · IR correlations
