ITT vs WAB: Correlation
ITT Inc. (ITT) and Wabtec (WAB) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and WAB?
On 3 years of weekly data the ITT/WAB correlation comes out at 0.65, strong. The link has loosened recently: the 1-year correlation (0.52) runs below the 3-year figure (0.65). The 5-year figure is 0.70, and annualized covariance runs at 449.5 %².
Within ITT's tracked universe of 38 assets, WAB comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WAB outperformed by 32.1 percentage points (+20.8% for ITT against +52.9% for WAB).
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 WAB: side by side
| ITT (ITT Inc.) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | +20.8% | +52.9% |
| 5-year return | +124.4% | +241.0% |
| Volatility (ann.) | 27.4% | 25.3% |
| Beta vs S&P 500 | 1.33 | 0.99 |
| Max drawdown (3Y) | -29.1% | -23.6% |
| Market cap | – | $50.2B |
| P/E (trailing) | 40.9 | 40.5 |
| Dividend yield | 0.70% | 0.37% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ITT | WAB |
|---|---|---|
| 2022 | -19.5% | +9.1% |
| 2023 | +48.9% | +28.0% |
| 2024 | +20.9% | +50.1% |
| 2025 | +22.5% | +13.2% |
| 2026 | +20.3% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and WAB good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ITT and WAB?
The ITT/WAB correlation stands at 0.65 on a 3-year window (1 year: 0.52, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is WAB a good diversifier for ITT?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/itt-vs-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itt-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITT correlations · WAB correlations
