ITW vs PHI: Correlation
Illinois Tool Works (ITW) and PLDT Inc. Sponsored ADR (PHI) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITW and PHI?
On 3 years of weekly data the ITW/PHI correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.40 over 3. The 5-year figure is 0.32, and annualized covariance runs at 181.2 %².
By 3-year correlation, PHI places #68 of the 81 assets tracked against ITW. The last year tells two different stories: ITW led by 16.4 percentage points, +8.2% for ITW against -8.2% for PHI.
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 PHI: side by side
| ITW (Illinois Tool Works) | PHI (PLDT Inc. Sponsored ADR) | |
|---|---|---|
| 1-year return | +8.2% | -8.2% |
| 5-year return | +36.1% | -17.6% |
| Volatility (ann.) | 19.0% | 24.0% |
| Beta vs S&P 500 | 0.64 | 0.22 |
| Max drawdown (3Y) | -20.6% | -33.7% |
| Market cap | $80.2B | – |
| P/E (trailing) | 25.8 | 9.4 |
| Dividend yield | 2.26% | 494.13% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ITW | PHI |
|---|---|---|
| 2022 | -8.5% | -31.7% |
| 2023 | +21.6% | +11.9% |
| 2024 | -1.0% | +0.8% |
| 2025 | -0.4% | +1.5% |
| 2026 | +15.8% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITW and PHI good diversifiers for each other?
Reasonably. At 0.40, ITW and PHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ITW and PHI?
As of 2026-08-27, the correlation of weekly returns between ITW and PHI is 0.40 over 3 years, 0.43 over 1 year and 0.32 over 5 years.
Is PHI a good diversifier for ITW?
Reasonably. At 0.40, ITW and PHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/itw-vs-phi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itw-vs-phi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITW correlations · PHI correlations
