ITT vs XYL: Correlation
How closely do ITT Inc. (ITT) and Xylem Inc. (XYL) 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 XYL?
Across a 3-year window, the weekly returns of ITT and XYL correlate at 0.67, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 437.0 %².
Among the 38 assets we track against ITT, XYL ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ITT ahead by 41.9 points (+20.8% versus -21.1%).
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 XYL: side by side
| ITT (ITT Inc.) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | +20.8% | -21.1% |
| 5-year return | +124.4% | -12.5% |
| Volatility (ann.) | 27.4% | 23.9% |
| Beta vs S&P 500 | 1.33 | 0.96 |
| Max drawdown (3Y) | -29.1% | -30.0% |
| Market cap | – | $26.3B |
| P/E (trailing) | 40.9 | 26.8 |
| Dividend yield | 0.70% | 1.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ITT | XYL |
|---|---|---|
| 2022 | -19.5% | -6.6% |
| 2023 | +48.9% | +4.8% |
| 2024 | +20.9% | +2.6% |
| 2025 | +22.5% | +18.8% |
| 2026 | +20.3% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and XYL good diversifiers for each other?
To a limited degree. At 0.67 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 XYL?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.60 over the last year and 0.67 over 5 years.
Is XYL a good diversifier for ITT?
To a limited degree. At 0.67 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 0.67 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-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/itt-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ITT correlations · XYL correlations
