IR vs TXT: Correlation
Ingersoll Rand (IR) and Textron (TXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and TXT?
On 3 years of weekly data the IR/TXT correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.57 over 3. The 5-year figure is 0.59, and annualized covariance runs at 434.0 %².
By 3-year correlation, TXT places #37 of the 61 assets tracked against IR. Neither side won the trailing year by much: -2.0% against +0.7%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.18 and 0.80 over the past three years, so this pair behaves very differently depending on the market environment.
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 TXT: side by side
| IR (Ingersoll Rand) | TXT (Textron) | |
|---|---|---|
| 1-year return | -2.0% | +0.7% |
| 5-year return | +49.2% | +15.1% |
| Volatility (ann.) | 29.8% | 25.4% |
| Beta vs S&P 500 | 1.17 | 0.89 |
| Max drawdown (3Y) | -36.6% | -37.3% |
| Market cap | $30.6B | $14.2B |
| P/E (trailing) | 32.6 | 15.7 |
| Dividend yield | 0.15% | 0.10% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | IR | TXT |
|---|---|---|
| 2022 | -15.4% | -8.2% |
| 2023 | +48.2% | +13.7% |
| 2024 | +17.1% | -4.8% |
| 2025 | -12.3% | +14.1% |
| 2026 | -0.2% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and TXT good diversifiers for each other?
Only partially. A correlation of 0.57 means IR and TXT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IR and TXT?
As of 2026-08-27, the correlation of weekly returns between IR and TXT is 0.57 over 3 years, 0.54 over 1 year and 0.59 over 5 years.
Is TXT a good diversifier for IR?
Only partially. A correlation of 0.57 means IR and TXT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ir-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IR correlations · TXT correlations
