JCI vs TT: Correlation
Johnson Controls (JCI) and Trane Technologies (TT) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and TT?
Over the past 3 years, JCI and TT moved with a correlation of 0.60, which is strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 471.9 %².
Few assets follow JCI as closely as TT, which ranks #2 of 32 tracked partners. The last year tells two different stories: JCI led by 23.1 percentage points, +30.9% for JCI against +7.8% for TT. On a rolling one-year basis the correlation drifted between 0.28 and 0.77, a moderate band.
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.
JCI vs TT: side by side
| JCI (Johnson Controls) | TT (Trane Technologies) | |
|---|---|---|
| 1-year return | +30.9% | +7.8% |
| 5-year return | +108.2% | +141.4% |
| Volatility (ann.) | 28.1% | 27.8% |
| Beta vs S&P 500 | 0.98 | 1.19 |
| Max drawdown (3Y) | -21.1% | -24.4% |
| Market cap | $86.1B | $100.0B |
| P/E (trailing) | 40.1 | 33.8 |
| Dividend yield | 1.11% | 0.86% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | JCI | TT |
|---|---|---|
| 2022 | -19.3% | -15.3% |
| 2023 | -7.6% | +47.4% |
| 2024 | +39.8% | +53.0% |
| 2025 | +53.0% | +6.1% |
| 2026 | +19.5% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and TT good diversifiers for each other?
To a limited degree. At 0.60 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 JCI and TT?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.66 over the last year and 0.67 over 5 years.
Is TT a good diversifier for JCI?
To a limited degree. At 0.60 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 0.60 mean?
A reading of 0.60 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/jci-vs-tt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jci-vs-tt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JCI correlations · TT correlations
