TDY vs TXT: Correlation
How closely do Teledyne Technologies (TDY) and Textron (TXT) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDY and TXT?
Across a 3-year window, the weekly returns of TDY and TXT correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 298.3 %².
By 3-year correlation, TXT places #15 of the 35 assets tracked against TDY. The last year tells two different stories: TDY led by 15.0 percentage points, +15.7% for TDY against +0.7% for TXT. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.03 to 0.69.
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.
TDY vs TXT: side by side
| TDY (Teledyne Technologies) | TXT (Textron) | |
|---|---|---|
| 1-year return | +15.7% | +0.7% |
| 5-year return | +36.5% | +15.1% |
| Volatility (ann.) | 22.0% | 25.4% |
| Beta vs S&P 500 | 0.76 | 0.89 |
| Max drawdown (3Y) | -18.8% | -37.3% |
| Market cap | $29.0B | $14.2B |
| P/E (trailing) | 30.7 | 15.7 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | Information Technology | Industrials |
Year-by-year returns
| Year | TDY | TXT |
|---|---|---|
| 2022 | -8.5% | -8.2% |
| 2023 | +11.6% | +13.7% |
| 2024 | +4.0% | -4.8% |
| 2025 | +10.0% | +14.1% |
| 2026 | +22.7% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TDY and TXT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TDY and TXT?
As of 2026-08-27, the correlation of weekly returns between TDY and TXT is 0.53 over 3 years, 0.48 over 1 year and 0.52 over 5 years.
Is TXT a good diversifier for TDY?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/tdy-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tdy-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TDY correlations · TXT correlations
