FTV vs ITT: Correlation
Measured on weekly returns over the past three years, Fortive (FTV) and ITT Inc. (ITT) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and ITT?
Across a 3-year window, the weekly returns of FTV and ITT correlate at 0.63, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.63 over 3. Stretching to 5 years gives 0.68, with an annualized covariance of 410.2 %².
Among the 36 assets we track against FTV, ITT ranks #11 by 3-year correlation. Twelve-month performance is nearly a tie, at +23.9% for FTV and +20.8% for ITT.
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 ITT: side by side
| FTV (Fortive) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +23.9% | +20.8% |
| 5-year return | +9.6% | +124.4% |
| Volatility (ann.) | 23.8% | 27.4% |
| Beta vs S&P 500 | 0.92 | 1.33 |
| Max drawdown (3Y) | -28.0% | -29.1% |
| Market cap | $18.1B | – |
| P/E (trailing) | 31.9 | 40.9 |
| Dividend yield | 0.20% | 0.70% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FTV | ITT |
|---|---|---|
| 2022 | -15.4% | -19.5% |
| 2023 | +15.1% | +48.9% |
| 2024 | +2.3% | +20.9% |
| 2025 | -1.9% | +22.5% |
| 2026 | +8.8% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and ITT good diversifiers for each other?
Only partially. A correlation of 0.63 means FTV 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 FTV and ITT?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.60 over the last year and 0.68 over 5 years.
Is ITT a good diversifier for FTV?
Only partially. A correlation of 0.63 means FTV 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 0.63 mean?
A reading of 0.63 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
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Related comparisons
Hubs: FTV correlations · ITT correlations
