ITT vs TT: Correlation
How closely do ITT Inc. (ITT) and Trane Technologies (TT) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and TT?
Across a 3-year window, the weekly returns of ITT and TT correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 508.3 %².
Among the 38 assets we track against ITT, TT ranks #16 by 3-year correlation. Over the last 12 months ITT came out ahead by 13.0 percentage points (+20.8% against +7.8%).
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 TT: side by side
| ITT (ITT Inc.) | TT (Trane Technologies) | |
|---|---|---|
| 1-year return | +20.8% | +7.8% |
| 5-year return | +124.4% | +141.4% |
| Volatility (ann.) | 27.4% | 27.8% |
| Beta vs S&P 500 | 1.33 | 1.19 |
| Max drawdown (3Y) | -29.1% | -24.4% |
| Market cap | – | $100.0B |
| P/E (trailing) | 40.9 | 33.8 |
| Dividend yield | 0.70% | 0.86% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ITT | TT |
|---|---|---|
| 2022 | -19.5% | -15.3% |
| 2023 | +48.9% | +47.4% |
| 2024 | +20.9% | +53.0% |
| 2025 | +22.5% | +6.1% |
| 2026 | +20.3% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and TT good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ITT and TT?
The ITT/TT correlation stands at 0.67 on a 3-year window (1 year: 0.64, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is TT a good diversifier for ITT?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/itt-vs-tt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/itt-vs-tt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITT correlations · TT correlations
