CAT vs GITS: Correlation
Caterpillar Inc. (CAT) and Global Interactive Technologies, Inc. (GITS) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAT and GITS?
On 3 years of weekly data the CAT/GITS correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.18 over 3. The 5-year figure is n/a, and annualized covariance runs at -7205.0 %².
By 3-year correlation, GITS places #30 of the 36 assets tracked against CAT. Correlation aside, the last 12 months split them widely, with CAT ahead by 112.6 points (+90.5% versus -22.1%). One caveat on sizing: GITS is 46.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CAT vs GITS: side by side
| CAT (Caterpillar Inc.) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | +90.5% | -22.1% |
| 5-year return | +321.1% | n/a |
| Volatility (ann.) | 29.4% | 1352.0% |
| Beta vs S&P 500 | 1.03 | -3.91 |
| Max drawdown (3Y) | -34.0% | -98.4% |
| Market cap | $375.6B | – |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 0.75% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CAT | GITS |
|---|---|---|
| 2022 | +18.6% | – |
| 2023 | +25.9% | – |
| 2024 | +24.7% | -69.5% |
| 2025 | +60.3% | +186.6% |
| 2026 | +43.5% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAT and GITS good diversifiers for each other?
Yes. With a correlation of -0.18, CAT and GITS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CAT and GITS?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.15 over the last year and n/a over 5 years.
Is GITS a good diversifier for CAT?
Yes. With a correlation of -0.18, CAT and GITS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/cat-vs-gits.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cat-vs-gits/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAT correlations · GITS correlations
