IR vs XYL: Correlation
How closely do Ingersoll Rand (IR) and Xylem Inc. (XYL) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and XYL?
Across a 3-year window, the weekly returns of IR and XYL correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 378.6 %².
By 3-year correlation, XYL places #43 of the 61 assets tracked against IR. The last year tells two different stories: IR led by 19.1 percentage points, -2.0% for IR against -21.1% for XYL. The rolling one-year correlation moved between 0.29 and 0.75 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 XYL: side by side
| IR (Ingersoll Rand) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | -2.0% | -21.1% |
| 5-year return | +49.2% | -12.5% |
| Volatility (ann.) | 29.8% | 23.9% |
| Beta vs S&P 500 | 1.17 | 0.96 |
| Max drawdown (3Y) | -36.6% | -30.0% |
| Market cap | $30.6B | $26.3B |
| P/E (trailing) | 32.6 | 26.8 |
| Dividend yield | 0.15% | 1.47% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | IR | XYL |
|---|---|---|
| 2022 | -15.4% | -6.6% |
| 2023 | +48.2% | +4.8% |
| 2024 | +17.1% | +2.6% |
| 2025 | -12.3% | +18.8% |
| 2026 | -0.2% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and XYL good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IR and XYL?
As of 2026-08-27, the correlation of weekly returns between IR and XYL is 0.53 over 3 years, 0.55 over 1 year and 0.61 over 5 years.
Is XYL a good diversifier for IR?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ir-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IR correlations · XYL correlations
