IR vs ITT: Correlation
Ingersoll Rand (IR) and ITT Inc. (ITT) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and ITT?
On 3 years of weekly data the IR/ITT correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 578.9 %².
Within IR's tracked universe of 61 assets, ITT comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ITT outperformed by 22.8 percentage points (-2.0% for IR against +20.8% for ITT).
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.
IR vs ITT: side by side
| IR (Ingersoll Rand) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | -2.0% | +20.8% |
| 5-year return | +49.2% | +124.4% |
| Volatility (ann.) | 29.8% | 27.4% |
| Beta vs S&P 500 | 1.17 | 1.33 |
| Max drawdown (3Y) | -36.6% | -29.1% |
| Market cap | $30.6B | – |
| P/E (trailing) | 32.6 | 40.9 |
| Dividend yield | 0.15% | 0.70% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | IR | ITT |
|---|---|---|
| 2022 | -15.4% | -19.5% |
| 2023 | +48.2% | +48.9% |
| 2024 | +17.1% | +20.9% |
| 2025 | -12.3% | +22.5% |
| 2026 | -0.2% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and ITT good diversifiers for each other?
To a limited degree. At 0.71 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 IR and ITT?
The IR/ITT correlation stands at 0.71 on a 3-year window (1 year: 0.63, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is ITT a good diversifier for IR?
To a limited degree. At 0.71 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 0.71 mean?
On the −1 to +1 scale, 0.71 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/ir-vs-itt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ir-vs-itt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IR correlations · ITT correlations
