ITT vs TBBB: Correlation
How closely do ITT Inc. (ITT) and BBB Foods Inc. Class A (TBBB) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and TBBB?
On 3 years of weekly data the ITT/TBBB correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.41 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 477.7 %².
Among the 38 assets we track against ITT, TBBB sits near the bottom by co-movement, at rank #35. Correlation aside, the last 12 months split them widely, with TBBB ahead by 65.1 points (+20.8% versus +85.9%). Note the risk asymmetry: TBBB runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TBBB: side by side
| ITT (ITT Inc.) | TBBB (BBB Foods Inc. Class A) | |
|---|---|---|
| 1-year return | +20.8% | +85.9% |
| 5-year return | +124.4% | n/a |
| Volatility (ann.) | 27.4% | 41.8% |
| Beta vs S&P 500 | 1.33 | 0.96 |
| Max drawdown (3Y) | -29.1% | -29.6% |
| Market cap | – | $5.9B |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 0.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITT | TBBB |
|---|---|---|
| 2022 | -19.5% | – |
| 2023 | +48.9% | – |
| 2024 | +20.9% | – |
| 2025 | +22.5% | +18.1% |
| 2026 | +20.3% | +45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and TBBB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ITT and TBBB?
As of 2026-08-27, the correlation of weekly returns between ITT and TBBB is 0.41 over 3 years, 0.28 over 1 year and n/a over 5 years.
Is TBBB a good diversifier for ITT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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 · TBBB correlations
