GTX vs TKR: Correlation
Measured on weekly returns over the past three years, Garrett Motion Inc. (GTX) and Timken Company (The) (TKR) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTX and TKR?
Across a 3-year window, the weekly returns of GTX and TKR correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 521.0 %².
Among the 10 assets we track against GTX, TKR ranks #5 by 3-year correlation. The last year tells two different stories: GTX led by 51.8 percentage points, +111.6% for GTX against +59.8% for TKR. One caveat on sizing: GTX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GTX vs TKR: side by side
| GTX (Garrett Motion Inc.) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +111.6% | +59.8% |
| 5-year return | +313.6% | +80.3% |
| Volatility (ann.) | 43.0% | 27.4% |
| Beta vs S&P 500 | 1.04 | 0.98 |
| Max drawdown (3Y) | -28.7% | -37.6% |
| Market cap | $5.1B | $8.6B |
| P/E (trailing) | 14.8 | 33.7 |
| Dividend yield | 1.11% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTX | TKR |
|---|---|---|
| 2022 | -5.1% | +3.9% |
| 2023 | +26.9% | +15.4% |
| 2024 | -6.6% | -9.5% |
| 2025 | +97.2% | +20.0% |
| 2026 | +58.4% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTX and TKR good diversifiers for each other?
Reasonably. At 0.44, GTX and TKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GTX and TKR?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.49 over the last year and 0.37 over 5 years.
Is TKR a good diversifier for GTX?
Reasonably. At 0.44, GTX and TKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/gtx-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gtx-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTX correlations · TKR correlations
