ITT vs ZWS: Correlation
ITT Inc. (ITT) and Zurn Elkay Water Solutions Corporation (ZWS) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and ZWS?
On 3 years of weekly data the ITT/ZWS correlation comes out at 0.67, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 506.8 %².
By 3-year correlation, ZWS places #18 of the 38 assets tracked against ITT. Correlation aside, the last 12 months split them widely, with ITT ahead by 15.5 points (+20.8% versus +5.3%).
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 ZWS: side by side
| ITT (ITT Inc.) | ZWS (Zurn Elkay Water Solutions Corporation) | |
|---|---|---|
| 1-year return | +20.8% | +5.3% |
| 5-year return | +124.4% | +71.6% |
| Volatility (ann.) | 27.4% | 27.7% |
| Beta vs S&P 500 | 1.33 | 0.89 |
| Max drawdown (3Y) | -29.1% | -30.2% |
| Market cap | – | $8.1B |
| P/E (trailing) | 40.9 | 30.5 |
| Dividend yield | 0.70% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITT | ZWS |
|---|---|---|
| 2022 | -19.5% | -41.5% |
| 2023 | +48.9% | +40.6% |
| 2024 | +20.9% | +28.1% |
| 2025 | +22.5% | +25.8% |
| 2026 | +20.3% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and ZWS 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 ZWS?
As of 2026-08-27, the correlation of weekly returns between ITT and ZWS is 0.67 over 3 years, 0.65 over 1 year and 0.60 over 5 years.
Is ZWS 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?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/itt-vs-zws.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itt-vs-zws/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ITT correlations · ZWS correlations
