IR vs SWK: Correlation
How closely do Ingersoll Rand (IR) and Stanley Black & Decker (SWK) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and SWK?
Over the past 3 years, IR and SWK moved with a correlation of 0.63, which is strong. The past 12 months show a tighter link (0.74) than the 3-year average (0.63). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 663.2 %².
By 3-year correlation, SWK places #24 of the 61 assets tracked against IR. Correlation aside, the last 12 months split them widely, with SWK ahead by 39.0 points (-2.0% versus +37.0%). The rolling one-year correlation moved between 0.35 and 0.84 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.
IR vs SWK: side by side
| IR (Ingersoll Rand) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | -2.0% | +37.0% |
| 5-year return | +49.2% | -39.1% |
| Volatility (ann.) | 29.8% | 35.4% |
| Beta vs S&P 500 | 1.17 | 1.19 |
| Max drawdown (3Y) | -36.6% | -48.3% |
| Market cap | $30.6B | $15.0B |
| P/E (trailing) | 32.6 | 24.4 |
| Dividend yield | 0.15% | 3.33% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | IR | SWK |
|---|---|---|
| 2022 | -15.4% | -58.9% |
| 2023 | +48.2% | +35.6% |
| 2024 | +17.1% | -15.2% |
| 2025 | -12.3% | -3.2% |
| 2026 | -0.2% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and SWK good diversifiers for each other?
To a limited degree. At 0.63 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 SWK?
As of 2026-08-27, the correlation of weekly returns between IR and SWK is 0.63 over 3 years, 0.74 over 1 year and 0.56 over 5 years.
Is SWK a good diversifier for IR?
To a limited degree. At 0.63 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 0.63 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/ir-vs-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ir-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IR correlations · SWK correlations
