SWK vs TKR: Correlation
Stanley Black & Decker (SWK) and Timken Company (The) (TKR) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWK and TKR?
Across a 3-year window, the weekly returns of SWK and TKR correlate at 0.67, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 651.1 %².
Within SWK's tracked universe of 55 assets, TKR comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TKR ahead by 22.8 points (+37.0% versus +59.8%).
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.
SWK vs TKR: side by side
| SWK (Stanley Black & Decker) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +37.0% | +59.8% |
| 5-year return | -39.1% | +80.3% |
| Volatility (ann.) | 35.4% | 27.4% |
| Beta vs S&P 500 | 1.19 | 0.98 |
| Max drawdown (3Y) | -48.3% | -37.6% |
| Market cap | $15.0B | $8.6B |
| P/E (trailing) | 24.4 | 33.7 |
| Dividend yield | 3.33% | 1.12% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | SWK | TKR |
|---|---|---|
| 2022 | -58.9% | +3.9% |
| 2023 | +35.6% | +15.4% |
| 2024 | -15.2% | -9.5% |
| 2025 | -3.2% | +20.0% |
| 2026 | +36.5% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWK and TKR good diversifiers for each other?
To a limited degree. At 0.67 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 SWK and TKR?
The SWK/TKR correlation stands at 0.67 on a 3-year window (1 year: 0.67, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is TKR a good diversifier for SWK?
To a limited degree. At 0.67 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 0.67 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/swk-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/swk-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SWK correlations · TKR correlations
