DD vs ITW: Correlation
DuPont (DD) and Illinois Tool Works (ITW) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and ITW?
Over the past 3 years, DD and ITW moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 276.0 %².
Within DD's tracked universe of 34 assets, ITW comes in at #20 by 3-year correlation. The last year tells two different stories: DD led by 36.5 percentage points, +44.7% for DD against +8.2% for ITW. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.72. Risk is not evenly split, since DD carries 1.5 times the volatility of the other side.
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.
DD vs ITW: side by side
| DD (DuPont) | ITW (Illinois Tool Works) | |
|---|---|---|
| 1-year return | +44.7% | +8.2% |
| 5-year return | +64.0% | +36.1% |
| Volatility (ann.) | 28.8% | 19.0% |
| Beta vs S&P 500 | 0.93 | 0.64 |
| Max drawdown (3Y) | -37.8% | -20.6% |
| Market cap | $18.7B | $80.2B |
| P/E (trailing) | 59.1 | 25.8 |
| Dividend yield | 2.20% | 2.26% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DD | ITW |
|---|---|---|
| 2022 | -13.4% | -8.5% |
| 2023 | +14.4% | +21.6% |
| 2024 | +1.0% | -1.0% |
| 2025 | +28.7% | -0.4% |
| 2026 | +16.0% | +15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and ITW good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DD and ITW?
As of 2026-08-27, the correlation of weekly returns between DD and ITW is 0.50 over 3 years, 0.43 over 1 year and 0.56 over 5 years.
Is ITW a good diversifier for DD?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/dd-vs-itw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dd-vs-itw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DD correlations · ITW correlations
