FELE vs ITIC: Correlation
Measured on weekly returns over the past three years, Franklin Electric Co., Inc. (FELE) and Investors Title Company (ITIC) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FELE and ITIC?
Over the past 3 years, FELE and ITIC moved with a correlation of 0.54, which is moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.54). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 405.4 %².
Among the 25 assets we track against FELE, ITIC ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ITIC ahead by 24.1 points (+3.8% versus +27.9%).
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.
FELE vs ITIC: side by side
| FELE (Franklin Electric Co., Inc.) | ITIC (Investors Title Company) | |
|---|---|---|
| 1-year return | +3.8% | +27.9% |
| 5-year return | +25.2% | +107.1% |
| Volatility (ann.) | 22.7% | 33.1% |
| Beta vs S&P 500 | 0.79 | 0.67 |
| Max drawdown (3Y) | -23.5% | -28.9% |
| Market cap | $4.5B | $0.6B |
| P/E (trailing) | 29.4 | 14.3 |
| Dividend yield | 1.06% | 0.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FELE | ITIC |
|---|---|---|
| 2022 | -14.9% | -22.8% |
| 2023 | +22.4% | +14.3% |
| 2024 | +1.8% | +55.0% |
| 2025 | -0.9% | +9.7% |
| 2026 | +7.8% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FELE and ITIC good diversifiers for each other?
Only partially. A correlation of 0.54 means FELE and ITIC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FELE and ITIC?
The FELE/ITIC correlation stands at 0.54 on a 3-year window (1 year: 0.69, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is ITIC a good diversifier for FELE?
Only partially. A correlation of 0.54 means FELE and ITIC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fele-vs-itic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fele-vs-itic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FELE correlations · ITIC correlations
