OSK vs TXT: Correlation
How closely do Oshkosh Corporation (Holding Company) (OSK) and Textron (TXT) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSK and TXT?
On 3 years of weekly data the OSK/TXT correlation comes out at 0.62, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.62 over 3. The 5-year figure is 0.63, and annualized covariance runs at 587.7 %².
Within OSK's tracked universe of 18 assets, TXT comes in at #8 by 3-year correlation. On 12-month performance OSK holds a 10.3-point edge, +11.0% against +0.7%.
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.
OSK vs TXT: side by side
| OSK (Oshkosh Corporation (Holding Company)) | TXT (Textron) | |
|---|---|---|
| 1-year return | +11.0% | +0.7% |
| 5-year return | +47.4% | +15.1% |
| Volatility (ann.) | 37.0% | 25.4% |
| Beta vs S&P 500 | 1.14 | 0.89 |
| Max drawdown (3Y) | -36.7% | -37.3% |
| Market cap | $9.7B | $14.2B |
| P/E (trailing) | 18.1 | 15.7 |
| Dividend yield | 1.37% | 0.10% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | OSK | TXT |
|---|---|---|
| 2022 | -20.5% | -8.2% |
| 2023 | +25.2% | +13.7% |
| 2024 | -10.8% | -4.8% |
| 2025 | +34.5% | +14.1% |
| 2026 | +26.2% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSK and TXT good diversifiers for each other?
Only partially. A correlation of 0.62 means OSK and TXT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OSK and TXT?
The OSK/TXT correlation stands at 0.62 on a 3-year window (1 year: 0.63, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is TXT a good diversifier for OSK?
Only partially. A correlation of 0.62 means OSK and TXT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/osk-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/osk-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OSK correlations · TXT correlations
