CTS vs HON: Correlation
CTS Corporation (CTS) and Honeywell Technologies (HON) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and HON?
On 3 years of weekly data the CTS/HON correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.51 over 3. The 5-year figure is 0.38, and annualized covariance runs at 393.5 %².
Among the 26 assets we track against CTS, HON ranks #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTS ahead by 33.1 points (+35.8% versus +2.7%).
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.
CTS vs HON: side by side
| CTS (CTS Corporation) | HON (Honeywell Technologies) | |
|---|---|---|
| 1-year return | +35.8% | +2.7% |
| 5-year return | +63.4% | +6.6% |
| Volatility (ann.) | 33.0% | 23.2% |
| Beta vs S&P 500 | 1.40 | 0.74 |
| Max drawdown (3Y) | -40.6% | -22.1% |
| Market cap | $1.6B | $69.9B |
| P/E (trailing) | 23.8 | 8.5 |
| Dividend yield | 0.28% | 4.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CTS | HON |
|---|---|---|
| 2022 | +7.8% | +4.9% |
| 2023 | +11.4% | +0.0% |
| 2024 | +20.9% | +10.0% |
| 2025 | -18.4% | -6.4% |
| 2026 | +34.7% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and HON good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CTS and HON?
The CTS/HON correlation stands at 0.51 on a 3-year window (1 year: 0.52, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is HON a good diversifier for CTS?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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/cts-vs-hon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cts-vs-hon/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTS correlations · HON correlations
