CMI vs ITT: Correlation
Measured on weekly returns over the past three years, Cummins (CMI) and ITT Inc. (ITT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMI and ITT?
Across a 3-year window, the weekly returns of CMI and ITT correlate at 0.61, strong. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 434.2 %².
By 3-year correlation, ITT places #8 of the 36 assets tracked against CMI. Their recent paths diverged sharply: over the last 12 months CMI outperformed by 24.3 percentage points (+45.1% for CMI against +20.8% for ITT).
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.
CMI vs ITT: side by side
| CMI (Cummins) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +45.1% | +20.8% |
| 5-year return | +169.6% | +124.4% |
| Volatility (ann.) | 25.9% | 27.4% |
| Beta vs S&P 500 | 1.05 | 1.33 |
| Max drawdown (3Y) | -30.5% | -29.1% |
| Market cap | $79.0B | – |
| P/E (trailing) | 29.6 | 40.9 |
| Dividend yield | 1.38% | 0.70% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CMI | ITT |
|---|---|---|
| 2022 | +14.1% | -19.5% |
| 2023 | +1.7% | +48.9% |
| 2024 | +48.9% | +20.9% |
| 2025 | +49.4% | +22.5% |
| 2026 | +13.6% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMI and ITT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CMI and ITT?
As of 2026-08-27, the correlation of weekly returns between CMI and ITT is 0.61 over 3 years, 0.53 over 1 year and 0.65 over 5 years.
Is ITT a good diversifier for CMI?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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/cmi-vs-itt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmi-vs-itt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMI correlations · ITT correlations
