CR vs CXT: Correlation
How closely do Crane Company (CR) and Crane NXT, Co. (CXT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CR and CXT?
On 3 years of weekly data the CR/CXT correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 609.9 %².
Among the 17 assets we track against CR, CXT ranks #9 by 3-year correlation. The last year tells two different stories: CR led by 25.8 percentage points, +8.4% for CR against -17.4% for CXT.
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.
CR vs CXT: side by side
| CR (Crane Company) | CXT (Crane NXT, Co.) | |
|---|---|---|
| 1-year return | +8.4% | -17.4% |
| 5-year return | n/a | +48.9% |
| Volatility (ann.) | 31.2% | 35.7% |
| Beta vs S&P 500 | 1.13 | 0.98 |
| Max drawdown (3Y) | -28.0% | -47.0% |
| Market cap | $12.1B | $2.9B |
| P/E (trailing) | 36.6 | 20.5 |
| Dividend yield | 0.46% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CR | CXT |
|---|---|---|
| 2022 | – | +0.6% |
| 2023 | – | +64.9% |
| 2024 | +29.2% | +3.5% |
| 2025 | +22.2% | -18.2% |
| 2026 | +13.6% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CR and CXT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CR and CXT?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.57 over the last year and n/a over 5 years.
Is CXT a good diversifier for CR?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cr-vs-cxt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cr-vs-cxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CR correlations · CXT correlations
