ITW vs YUM: Correlation
Illinois Tool Works (ITW) and Yum! Brands (YUM) 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 YUM?
On 3 years of weekly data the ITW/YUM correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 163.4 %².
By 3-year correlation, YUM places #69 of the 81 assets tracked against ITW. Twelve-month performance is nearly a tie, at +8.2% for ITW and +5.7% for YUM. The rolling one-year correlation moved between 0.24 and 0.61 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 YUM: side by side
| ITW (Illinois Tool Works) | YUM (Yum! Brands) | |
|---|---|---|
| 1-year return | +8.2% | +5.7% |
| 5-year return | +36.1% | +26.2% |
| Volatility (ann.) | 19.0% | 21.3% |
| Beta vs S&P 500 | 0.64 | 0.34 |
| Max drawdown (3Y) | -20.6% | -14.5% |
| Market cap | $80.2B | $41.1B |
| P/E (trailing) | 25.8 | 19.0 |
| Dividend yield | 2.26% | 0.95% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | ITW | YUM |
|---|---|---|
| 2022 | -8.5% | -6.0% |
| 2023 | +21.6% | +3.9% |
| 2024 | -1.0% | +4.7% |
| 2025 | -0.4% | +14.9% |
| 2026 | +15.8% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITW and YUM good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ITW and YUM?
The ITW/YUM correlation stands at 0.40 on a 3-year window (1 year: 0.40, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is YUM a good diversifier for ITW?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-yum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itw-vs-yum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITW correlations · YUM correlations
