CR vs FTAI: Correlation
How closely do Crane Company (CR) and FTAI Aviation Ltd. (FTAI) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CR and FTAI?
Across a 3-year window, the weekly returns of CR and FTAI correlate at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.37 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 672.1 %².
Out of 17 assets tracked against CR, FTAI lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with FTAI ahead by 25.7 points (+8.4% versus +34.1%). One caveat on sizing: FTAI is 1.9 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.
CR vs FTAI: side by side
| CR (Crane Company) | FTAI (FTAI Aviation Ltd.) | |
|---|---|---|
| 1-year return | +8.4% | +34.1% |
| 5-year return | n/a | +884.3% |
| Volatility (ann.) | 31.2% | 59.0% |
| Beta vs S&P 500 | 1.13 | 1.11 |
| Max drawdown (3Y) | -28.0% | -52.1% |
| Market cap | $12.1B | $20.5B |
| P/E (trailing) | 36.6 | 43.8 |
| Dividend yield | 0.46% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CR | FTAI |
|---|---|---|
| 2022 | – | -25.8% |
| 2023 | – | +181.6% |
| 2024 | +29.2% | +214.7% |
| 2025 | +22.2% | +38.0% |
| 2026 | +13.6% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CR and FTAI good diversifiers for each other?
Reasonably. At 0.37, CR and FTAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CR and FTAI?
The CR/FTAI correlation stands at 0.37 on a 3-year window (1 year: 0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FTAI a good diversifier for CR?
Reasonably. At 0.37, CR and FTAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/cr-vs-ftai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cr-vs-ftai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CR correlations · FTAI correlations
