ITW vs SYY: Correlation
How closely do Illinois Tool Works (ITW) and Sysco (SYY) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITW and SYY?
Across a 3-year window, the weekly returns of ITW and SYY correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 157.4 %².
Among the 81 assets we track against ITW, SYY ranks #67 by 3-year correlation. Their 12-month results are close: +8.2% for ITW against +5.6% for SYY. The rolling one-year correlation moved between 0.22 and 0.63 over the past three years, a moderate range.
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 SYY: side by side
| ITW (Illinois Tool Works) | SYY (Sysco) | |
|---|---|---|
| 1-year return | +8.2% | +5.6% |
| 5-year return | +36.1% | +19.2% |
| Volatility (ann.) | 19.0% | 20.3% |
| Beta vs S&P 500 | 0.64 | 0.14 |
| Max drawdown (3Y) | -20.6% | -24.0% |
| Market cap | $80.2B | $39.5B |
| P/E (trailing) | 25.8 | 22.5 |
| Dividend yield | 2.26% | 2.61% |
| Sector / category | Industrials | Consumer Staples |
Year-by-year returns
| Year | ITW | SYY |
|---|---|---|
| 2022 | -8.5% | -0.3% |
| 2023 | +21.6% | -1.7% |
| 2024 | -1.0% | +7.4% |
| 2025 | -0.4% | -1.0% |
| 2026 | +15.8% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITW and SYY good diversifiers for each other?
Reasonably. At 0.41, ITW and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ITW and SYY?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.46 over the last year and 0.43 over 5 years.
Is SYY a good diversifier for ITW?
Reasonably. At 0.41, ITW and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/itw-vs-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itw-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITW correlations · SYY correlations
