TT vs UBER: Correlation
How closely do Trane Technologies (TT) and Uber (UBER) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TT and UBER?
Across a 3-year window, the weekly returns of TT and UBER correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.36 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 365.2 %².
Among the 37 assets we track against TT, UBER ranks #27 by 3-year correlation. The last year tells two different stories: TT led by 27.1 percentage points, +7.8% for TT against -19.3% for UBER. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.02 to 0.53.
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.
TT vs UBER: side by side
| TT (Trane Technologies) | UBER (Uber) | |
|---|---|---|
| 1-year return | +7.8% | -19.3% |
| 5-year return | +141.4% | +94.4% |
| Volatility (ann.) | 27.8% | 36.7% |
| Beta vs S&P 500 | 1.19 | 1.34 |
| Max drawdown (3Y) | -24.4% | -34.1% |
| Market cap | $100.0B | $157.2B |
| P/E (trailing) | 33.8 | 17.2 |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | TT | UBER |
|---|---|---|
| 2022 | -15.3% | -41.0% |
| 2023 | +47.4% | +149.0% |
| 2024 | +53.0% | -2.0% |
| 2025 | +6.1% | +35.5% |
| 2026 | +17.3% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TT and UBER good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TT and UBER?
The TT/UBER correlation stands at 0.36 on a 3-year window (1 year: -0.05, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is UBER a good diversifier for TT?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/tt-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tt-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TT correlations · UBER correlations
