FLS vs ITT: Correlation
Measured on weekly returns over the past three years, Flowserve Corporation (FLS) and ITT Inc. (ITT) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLS and ITT?
Over the past 3 years, FLS and ITT moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 693.5 %².
ITT is one of the assets that tracks FLS most closely: it ranks #2 out of the 13 assets we track against FLS. Correlation aside, the last 12 months split them widely, with FLS ahead by 30.6 points (+51.4% versus +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.
FLS vs ITT: side by side
| FLS (Flowserve Corporation) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +51.4% | +20.8% |
| 5-year return | +131.6% | +124.4% |
| Volatility (ann.) | 37.2% | 27.4% |
| Beta vs S&P 500 | 1.43 | 1.33 |
| Max drawdown (3Y) | -38.8% | -29.1% |
| Market cap | $10.4B | – |
| P/E (trailing) | 28.8 | 40.9 |
| Dividend yield | 1.04% | 0.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLS | ITT |
|---|---|---|
| 2022 | +3.1% | -19.5% |
| 2023 | +37.3% | +48.9% |
| 2024 | +41.9% | +20.9% |
| 2025 | +22.5% | +22.5% |
| 2026 | +18.9% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLS and ITT good diversifiers for each other?
Only partially. A correlation of 0.68 means FLS and ITT 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 FLS and ITT?
The FLS/ITT correlation stands at 0.68 on a 3-year window (1 year: 0.64, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is ITT a good diversifier for FLS?
Only partially. A correlation of 0.68 means FLS and ITT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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/fls-vs-itt.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: FLS correlations · ITT correlations
