ITT vs UI: Correlation
How closely do ITT Inc. (ITT) and Ubiquiti Inc. (UI) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and UI?
Over the past 3 years, ITT and UI moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 685.0 %².
By 3-year correlation, UI places #33 of the 38 assets tracked against ITT. Over the last 12 months ITT came out ahead by 7.1 percentage points (+20.8% against +13.7%). Note the risk asymmetry: UI runs 1.9 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 UI: side by side
| ITT (ITT Inc.) | UI (Ubiquiti Inc.) | |
|---|---|---|
| 1-year return | +20.8% | +13.7% |
| 5-year return | +124.4% | +84.4% |
| Volatility (ann.) | 27.4% | 53.4% |
| Beta vs S&P 500 | 1.33 | 1.36 |
| Max drawdown (3Y) | -29.1% | -51.7% |
| Market cap | – | $35.9B |
| P/E (trailing) | 40.9 | 37.6 |
| Dividend yield | 0.70% | 0.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITT | UI |
|---|---|---|
| 2022 | -19.5% | -10.0% |
| 2023 | +48.9% | -48.2% |
| 2024 | +20.9% | +141.2% |
| 2025 | +22.5% | +67.7% |
| 2026 | +20.3% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and UI good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ITT and UI?
As of 2026-08-27, the correlation of weekly returns between ITT and UI is 0.47 over 3 years, 0.43 over 1 year and 0.44 over 5 years.
Is UI a good diversifier for ITT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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 · UI correlations
