TT vs VRT: Correlation
Trane Technologies (TT) and Vertiv (VRT) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TT and VRT?
On 3 years of weekly data the TT/VRT correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 1032.7 %².
Among the 37 assets we track against TT, VRT ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VRT ahead by 100.7 points (+7.8% versus +108.5%). Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.77. One caveat on sizing: VRT is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VRT: side by side
| TT (Trane Technologies) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | +7.8% | +108.5% |
| 5-year return | +141.4% | +847.7% |
| Volatility (ann.) | 27.8% | 57.1% |
| Beta vs S&P 500 | 1.19 | 2.36 |
| Max drawdown (3Y) | -24.4% | -61.3% |
| Market cap | $100.0B | $103.7B |
| P/E (trailing) | 33.8 | 59.6 |
| Dividend yield | 0.86% | 0.07% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | TT | VRT |
|---|---|---|
| 2022 | -15.3% | -45.3% |
| 2023 | +47.4% | +251.8% |
| 2024 | +53.0% | +136.8% |
| 2025 | +6.1% | +42.8% |
| 2026 | +17.3% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TT and VRT good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TT and VRT?
As of 2026-08-27, the correlation of weekly returns between TT and VRT is 0.65 over 3 years, 0.57 over 1 year and 0.55 over 5 years.
Is VRT a good diversifier for TT?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tt-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TT correlations · VRT correlations
