ETN vs ITT: Correlation
How closely do Eaton Corporation (ETN) and ITT Inc. (ITT) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and ITT?
Over the past 3 years, ETN and ITT moved with a correlation of 0.70, which is strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 578.0 %².
Within ETN's tracked universe of 44 assets, ITT comes in at #7 by 3-year correlation. Neither side won the trailing year by much: +19.7% against +20.8%.
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.
ETN vs ITT: side by side
| ETN (Eaton Corporation) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +19.7% | +20.8% |
| 5-year return | +164.1% | +124.4% |
| Volatility (ann.) | 30.2% | 27.4% |
| Beta vs S&P 500 | 1.33 | 1.33 |
| Max drawdown (3Y) | -34.5% | -29.1% |
| Market cap | $161.6B | – |
| P/E (trailing) | 42.4 | 40.9 |
| Dividend yield | 1.02% | 0.70% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ETN | ITT |
|---|---|---|
| 2022 | -7.2% | -19.5% |
| 2023 | +56.2% | +48.9% |
| 2024 | +39.5% | +20.9% |
| 2025 | -2.8% | +22.5% |
| 2026 | +31.7% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and ITT good diversifiers for each other?
To a limited degree. At 0.70 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 ETN and ITT?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.67 over the last year and 0.72 over 5 years.
Is ITT a good diversifier for ETN?
To a limited degree. At 0.70 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 0.70 mean?
A reading of 0.70 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/etn-vs-itt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etn-vs-itt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETN correlations · ITT correlations
