SXT vs URI: Correlation
How closely do Sensient Technologies Corporation (SXT) and United Rentals (URI) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SXT and URI?
Across a 3-year window, the weekly returns of SXT and URI correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 637.3 %².
In SXT's tracked universe of 12 assets, URI sits right near the top at #3. Over the last 12 months SXT came out ahead by 9.3 percentage points (+19.5% against +10.2%).
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.
SXT vs URI: side by side
| SXT (Sensient Technologies Corporation) | URI (United Rentals) | |
|---|---|---|
| 1-year return | +19.5% | +10.2% |
| 5-year return | +70.0% | +204.1% |
| Volatility (ann.) | 34.2% | 39.5% |
| Beta vs S&P 500 | 0.65 | 1.42 |
| Max drawdown (3Y) | -30.7% | -37.0% |
| Market cap | $5.7B | $64.6B |
| P/E (trailing) | 36.9 | 25.4 |
| Dividend yield | 1.20% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | SXT | URI |
|---|---|---|
| 2022 | -25.6% | +7.0% |
| 2023 | -7.2% | +63.6% |
| 2024 | +10.5% | +24.0% |
| 2025 | +34.2% | +15.9% |
| 2026 | +43.8% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SXT and URI good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SXT and URI?
The SXT/URI correlation stands at 0.47 on a 3-year window (1 year: 0.51, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is URI a good diversifier for SXT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/sxt-vs-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sxt-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SXT correlations · URI correlations
