GLW vs ITT: Correlation
Measured on weekly returns over the past three years, Corning Inc. (GLW) and ITT Inc. (ITT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and ITT?
On 3 years of weekly data the GLW/ITT correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.53 over 3. The 5-year figure is 0.54, and annualized covariance runs at 611.7 %².
By 3-year correlation, ITT places #10 of the 37 assets tracked against GLW. Correlation aside, the last 12 months split them widely, with GLW ahead by 108.9 points (+129.7% versus +20.8%). Risk is not evenly split, since GLW carries 1.5 times the volatility of the other side.
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.
GLW vs ITT: side by side
| GLW (Corning Inc.) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +129.7% | +20.8% |
| 5-year return | +331.4% | +124.4% |
| Volatility (ann.) | 42.1% | 27.4% |
| Beta vs S&P 500 | 1.15 | 1.33 |
| Max drawdown (3Y) | -51.5% | -29.1% |
| Market cap | $131.6B | – |
| P/E (trailing) | 70.4 | 40.9 |
| Dividend yield | 0.73% | 0.70% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GLW | ITT |
|---|---|---|
| 2022 | -11.6% | -19.5% |
| 2023 | -1.2% | +48.9% |
| 2024 | +60.6% | +20.9% |
| 2025 | +87.8% | +22.5% |
| 2026 | +75.1% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and ITT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GLW and ITT?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.54 over the last year and 0.54 over 5 years.
Is ITT a good diversifier for GLW?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GLW correlations · ITT correlations
