PKE vs TXT: Correlation
Measured on weekly returns over the past three years, Park Aerospace Corp. (PKE) and Textron (TXT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKE and TXT?
On 3 years of weekly data the PKE/TXT correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 444.1 %².
Few assets follow PKE as closely as TXT, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months PKE outperformed by 75.4 percentage points (+76.1% for PKE against +0.7% for TXT).
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.
PKE vs TXT: side by side
| PKE (Park Aerospace Corp.) | TXT (Textron) | |
|---|---|---|
| 1-year return | +76.1% | +0.7% |
| 5-year return | +176.6% | +15.1% |
| Volatility (ann.) | 36.0% | 25.4% |
| Beta vs S&P 500 | 0.80 | 0.89 |
| Max drawdown (3Y) | -26.6% | -37.3% |
| Market cap | $0.7B | $14.2B |
| P/E (trailing) | 51.8 | 15.7 |
| Dividend yield | 1.52% | 0.10% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | PKE | TXT |
|---|---|---|
| 2022 | +4.9% | -8.2% |
| 2023 | +21.5% | +13.7% |
| 2024 | +3.2% | -4.8% |
| 2025 | +50.5% | +14.1% |
| 2026 | +54.9% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PKE and TXT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PKE and TXT?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.47 over the last year and 0.43 over 5 years.
Is TXT a good diversifier for PKE?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/pke-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pke-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PKE correlations · TXT correlations
