HON vs TXT: Correlation
Honeywell Technologies (HON) and Textron (TXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HON and TXT?
Across a 3-year window, the weekly returns of HON and TXT correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.50 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 296.6 %².
Among the 32 assets we track against HON, TXT ranks #16 by 3-year correlation. Neither side won the trailing year by much: +2.7% against +0.7%. This link changes with the market regime, having swung between 0.02 and 0.72 on a rolling one-year basis.
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.
HON vs TXT: side by side
| HON (Honeywell Technologies) | TXT (Textron) | |
|---|---|---|
| 1-year return | +2.7% | +0.7% |
| 5-year return | +6.6% | +15.1% |
| Volatility (ann.) | 23.2% | 25.4% |
| Beta vs S&P 500 | 0.74 | 0.89 |
| Max drawdown (3Y) | -22.1% | -37.3% |
| Market cap | $69.9B | $14.2B |
| P/E (trailing) | 8.5 | 15.7 |
| Dividend yield | 4.26% | 0.10% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | HON | TXT |
|---|---|---|
| 2022 | +4.9% | -8.2% |
| 2023 | +0.0% | +13.7% |
| 2024 | +10.0% | -4.8% |
| 2025 | -6.4% | +14.1% |
| 2026 | +9.2% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HON and TXT good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HON and TXT?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.38 over the last year and 0.53 over 5 years.
Is TXT a good diversifier for HON?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hon-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hon-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HON correlations · TXT correlations
