FTV vs TKR: Correlation
Measured on weekly returns over the past three years, Fortive (FTV) and Timken Company (The) (TKR) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and TKR?
On 3 years of weekly data the FTV/TKR correlation comes out at 0.62, strong. Recent behaviour matches the longer record: 0.54 over 1 year against 0.62 over 3. The 5-year figure is 0.61, and annualized covariance runs at 404.2 %².
Among the 36 assets we track against FTV, TKR ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TKR ahead by 35.9 points (+23.9% versus +59.8%).
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.
FTV vs TKR: side by side
| FTV (Fortive) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +23.9% | +59.8% |
| 5-year return | +9.6% | +80.3% |
| Volatility (ann.) | 23.8% | 27.4% |
| Beta vs S&P 500 | 0.92 | 0.98 |
| Max drawdown (3Y) | -28.0% | -37.6% |
| Market cap | $18.1B | $8.6B |
| P/E (trailing) | 31.9 | 33.7 |
| Dividend yield | 0.20% | 1.12% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FTV | TKR |
|---|---|---|
| 2022 | -15.4% | +3.9% |
| 2023 | +15.1% | +15.4% |
| 2024 | +2.3% | -9.5% |
| 2025 | -1.9% | +20.0% |
| 2026 | +8.8% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and TKR good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FTV and TKR?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.54 over the last year and 0.61 over 5 years.
Is TKR a good diversifier for FTV?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/ftv-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftv-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTV correlations · TKR correlations
