ITT vs SPXC: Correlation
Measured on weekly returns over the past three years, ITT Inc. (ITT) and SPX Technologies, Inc. (SPXC) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and SPXC?
On 3 years of weekly data the ITT/SPXC correlation comes out at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.52 versus 0.64 over 3 years. The 5-year figure is 0.66, and annualized covariance runs at 587.0 %².
Among the 38 assets we track against ITT, SPXC ranks #21 by 3-year correlation. On 12-month performance ITT holds a 14.1-point edge, +20.8% against +6.7%.
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.
ITT vs SPXC: side by side
| ITT (ITT Inc.) | SPXC (SPX Technologies, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | +6.7% |
| 5-year return | +124.4% | +226.0% |
| Volatility (ann.) | 27.4% | 33.7% |
| Beta vs S&P 500 | 1.33 | 1.20 |
| Max drawdown (3Y) | -29.1% | -33.5% |
| Market cap | – | $10.3B |
| P/E (trailing) | 40.9 | 36.1 |
| Dividend yield | 0.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITT | SPXC |
|---|---|---|
| 2022 | -19.5% | +10.0% |
| 2023 | +48.9% | +53.9% |
| 2024 | +20.9% | +44.1% |
| 2025 | +22.5% | +37.5% |
| 2026 | +20.3% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and SPXC good diversifiers for each other?
Only partially. A correlation of 0.64 means ITT and SPXC 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 ITT and SPXC?
As of 2026-08-27, the correlation of weekly returns between ITT and SPXC is 0.64 over 3 years, 0.52 over 1 year and 0.66 over 5 years.
Is SPXC a good diversifier for ITT?
Only partially. A correlation of 0.64 means ITT and SPXC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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.
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Related comparisons
Hubs: ITT correlations · SPXC correlations
