FTV vs GWW: Correlation
Fortive (FTV) and W. W. Grainger (GWW) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and GWW?
Over the past 3 years, FTV and GWW moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 303.2 %².
Among the 36 assets we track against FTV, GWW ranks #20 by 3-year correlation. On 12-month performance GWW holds a 7.1-point edge, +23.9% against +31.0%. The rolling one-year correlation moved between 0.36 and 0.70 over the past three years, a moderate range.
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.
FTV vs GWW: side by side
| FTV (Fortive) | GWW (W. W. Grainger) | |
|---|---|---|
| 1-year return | +23.9% | +31.0% |
| 5-year return | +9.6% | +219.4% |
| Volatility (ann.) | 23.8% | 23.3% |
| Beta vs S&P 500 | 0.92 | 0.74 |
| Max drawdown (3Y) | -28.0% | -24.5% |
| Market cap | $18.1B | $62.2B |
| P/E (trailing) | 31.9 | 34.0 |
| Dividend yield | 0.20% | 0.69% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | FTV | GWW |
|---|---|---|
| 2022 | -15.4% | +8.7% |
| 2023 | +15.1% | +50.5% |
| 2024 | +2.3% | +28.2% |
| 2025 | -1.9% | -3.4% |
| 2026 | +8.8% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and GWW good diversifiers for each other?
Only partially. A correlation of 0.55 means FTV and GWW 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 FTV and GWW?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.47 over the last year and 0.56 over 5 years.
Is GWW a good diversifier for FTV?
Only partially. A correlation of 0.55 means FTV and GWW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/ftv-vs-gww.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftv-vs-gww/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTV correlations · GWW correlations
