FTRE vs IART: Correlation
Measured on weekly returns over the past three years, Fortrea Holdings Inc. (FTRE) and Integra LifeSciences Holdings Corporation (IART) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTRE and IART?
On 3 years of weekly data the FTRE/IART correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2146.7 %².
Among the 12 assets we track against FTRE, IART ranks #5 by 3-year correlation. The last year tells two different stories: FTRE led by 95.6 percentage points, +108.9% for FTRE against +13.3% for IART.
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.
FTRE vs IART: side by side
| FTRE (Fortrea Holdings Inc.) | IART (Integra LifeSciences Holdings Corporation) | |
|---|---|---|
| 1-year return | +108.9% | +13.3% |
| 5-year return | n/a | -77.0% |
| Volatility (ann.) | 78.9% | 58.0% |
| Beta vs S&P 500 | 1.59 | 1.66 |
| Max drawdown (3Y) | -89.9% | -80.3% |
| Market cap | $1.8B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTRE | IART |
|---|---|---|
| 2022 | – | -16.3% |
| 2023 | – | -22.3% |
| 2024 | -46.6% | -47.9% |
| 2025 | -7.5% | -45.2% |
| 2026 | +9.3% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTRE and IART good diversifiers for each other?
Reasonably. At 0.47, FTRE and IART keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FTRE and IART?
As of 2026-08-27, the correlation of weekly returns between FTRE and IART is 0.47 over 3 years, 0.48 over 1 year and n/a over 5 years.
Is IART a good diversifier for FTRE?
Reasonably. At 0.47, FTRE and IART keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/ftre-vs-iart.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftre-vs-iart/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTRE correlations · IART correlations
