ITW vs OMH: Correlation
Illinois Tool Works (ITW) and Ohmyhome Limited - Class A (OMH) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITW and OMH?
Over the past 3 years, ITW and OMH moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2025.1 %².
Out of 81 assets tracked against ITW, OMH lands near the bottom at #78. The last year tells two different stories: ITW led by 101.8 percentage points, +8.2% for ITW against -93.6% for OMH. Risk is not evenly split, since OMH carries 23.6 times the volatility of the other side.
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.
ITW vs OMH: side by side
| ITW (Illinois Tool Works) | OMH (Ohmyhome Limited - Class A) | |
|---|---|---|
| 1-year return | +8.2% | -93.6% |
| 5-year return | +36.1% | n/a |
| Volatility (ann.) | 19.0% | 448.2% |
| Beta vs S&P 500 | 0.64 | -3.85 |
| Max drawdown (3Y) | -20.6% | -97.9% |
| Market cap | $80.2B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 2.26% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ITW | OMH |
|---|---|---|
| 2022 | -8.5% | – |
| 2023 | +21.6% | – |
| 2024 | -1.0% | -73.9% |
| 2025 | -0.4% | +102.0% |
| 2026 | +15.8% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITW and OMH good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ITW and OMH?
The ITW/OMH correlation stands at -0.24 on a 3-year window (1 year: 0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OMH a good diversifier for ITW?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/itw-vs-omh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itw-vs-omh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ITW correlations · OMH correlations
