OTIS vs TXT: Correlation
How closely do Otis Worldwide (OTIS) and Textron (TXT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTIS and TXT?
Across a 3-year window, the weekly returns of OTIS and TXT correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 265.6 %².
By 3-year correlation, TXT places #7 of the 31 assets tracked against OTIS. The last year tells two different stories: TXT led by 17.5 percentage points, -16.8% for OTIS against +0.7% for TXT. Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.73.
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.
OTIS vs TXT: side by side
| OTIS (Otis Worldwide) | TXT (Textron) | |
|---|---|---|
| 1-year return | -16.8% | +0.7% |
| 5-year return | -15.9% | +15.1% |
| Volatility (ann.) | 19.1% | 25.4% |
| Beta vs S&P 500 | 0.59 | 0.89 |
| Max drawdown (3Y) | -32.4% | -37.3% |
| Market cap | $27.2B | $14.2B |
| P/E (trailing) | 18.4 | 15.7 |
| Dividend yield | 2.35% | 0.10% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | OTIS | TXT |
|---|---|---|
| 2022 | -8.8% | -8.2% |
| 2023 | +16.0% | +13.7% |
| 2024 | +5.2% | -4.8% |
| 2025 | -4.0% | +14.1% |
| 2026 | -16.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTIS and TXT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OTIS and TXT?
As of 2026-08-27, the correlation of weekly returns between OTIS and TXT is 0.55 over 3 years, 0.53 over 1 year and 0.59 over 5 years.
Is TXT a good diversifier for OTIS?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/otis-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/otis-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OTIS correlations · TXT correlations
