IR vs URI: Correlation
Ingersoll Rand (IR) and United Rentals (URI) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and URI?
On 3 years of weekly data the IR/URI correlation comes out at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.59). The 5-year figure is 0.63, and annualized covariance runs at 697.8 %².
Within IR's tracked universe of 61 assets, URI comes in at #33 by 3-year correlation. Over the last 12 months URI came out ahead by 12.2 percentage points (-2.0% against +10.2%). Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.78.
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 URI: side by side
| IR (Ingersoll Rand) | URI (United Rentals) | |
|---|---|---|
| 1-year return | -2.0% | +10.2% |
| 5-year return | +49.2% | +204.1% |
| Volatility (ann.) | 29.8% | 39.5% |
| Beta vs S&P 500 | 1.17 | 1.42 |
| Max drawdown (3Y) | -36.6% | -37.0% |
| Market cap | $30.6B | $64.6B |
| P/E (trailing) | 32.6 | 25.4 |
| Dividend yield | 0.15% | 0.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | IR | URI |
|---|---|---|
| 2022 | -15.4% | +7.0% |
| 2023 | +48.2% | +63.6% |
| 2024 | +17.1% | +24.0% |
| 2025 | -12.3% | +15.9% |
| 2026 | -0.2% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and URI good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IR and URI?
As of 2026-08-27, the correlation of weekly returns between IR and URI is 0.59 over 3 years, 0.41 over 1 year and 0.63 over 5 years.
Is URI a good diversifier for IR?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/ir-vs-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ir-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IR correlations · URI correlations
