IFF vs SWK: Correlation
How closely do International Flavors & Fragrances (IFF) and Stanley Black & Decker (SWK) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFF and SWK?
Over the past 3 years, IFF and SWK moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 540.2 %².
By 3-year correlation, SWK places #6 of the 32 assets tracked against IFF. Twelve-month performance is nearly a tie, at +33.2% for IFF and +37.0% for SWK. The rolling one-year correlation moved between 0.43 and 0.69 over the past three years, a moderate range.
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.
IFF vs SWK: side by side
| IFF (International Flavors & Fragrances) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +33.2% | +37.0% |
| 5-year return | -34.3% | -39.1% |
| Volatility (ann.) | 29.5% | 35.4% |
| Beta vs S&P 500 | 0.69 | 1.19 |
| Max drawdown (3Y) | -42.6% | -48.3% |
| Market cap | $22.2B | $15.0B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 1.84% | 3.33% |
| Sector / category | Materials | Industrials |
Year-by-year returns
| Year | IFF | SWK |
|---|---|---|
| 2022 | -28.3% | -58.9% |
| 2023 | -19.5% | +35.6% |
| 2024 | +6.3% | -15.2% |
| 2025 | -18.4% | -3.2% |
| 2026 | +30.3% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFF and SWK good diversifiers for each other?
To a limited degree. At 0.52 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 IFF and SWK?
As of 2026-08-27, the correlation of weekly returns between IFF and SWK is 0.52 over 3 years, 0.48 over 1 year and 0.53 over 5 years.
Is SWK a good diversifier for IFF?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/iff-vs-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iff-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IFF correlations · SWK correlations
