IR vs STZ: Correlation
How closely do Ingersoll Rand (IR) and Constellation Brands (STZ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and STZ?
On 3 years of weekly data the IR/STZ correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 321.5 %².
Within IR's tracked universe of 61 assets, STZ comes in at #51 by 3-year correlation. The trailing year gives IR the advantage: -2.0% versus -15.7%, a 13.7-point spread. Across three years, the rolling one-year figure varied moderately, from 0.10 to 0.49.
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 STZ: side by side
| IR (Ingersoll Rand) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -2.0% | -15.7% |
| 5-year return | +49.2% | -31.9% |
| Volatility (ann.) | 29.8% | 26.6% |
| Beta vs S&P 500 | 1.17 | 0.41 |
| Max drawdown (3Y) | -36.6% | -51.3% |
| Market cap | $30.6B | $22.4B |
| P/E (trailing) | 32.6 | 12.8 |
| Dividend yield | 0.15% | 3.04% |
| Sector / category | Industrials | Consumer Staples |
Year-by-year returns
| Year | IR | STZ |
|---|---|---|
| 2022 | -15.4% | -6.4% |
| 2023 | +48.2% | +5.8% |
| 2024 | +17.1% | -7.1% |
| 2025 | -12.3% | -36.0% |
| 2026 | -0.2% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and STZ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IR and STZ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.41 over the last year and 0.39 over 5 years.
Is STZ a good diversifier for IR?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ir-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IR correlations · STZ correlations
