CMI correlations (Cummins)
Which assets move with CMI and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Industrials · Construction Machinery & Heavy Transportation Equipment
Volatility (ann.)
25.9%
3y weekly
Beta vs S&P 500
1.05
3y weekly
1-year return
+45.1%
price, adjusted
5-year return
+169.6%
price, adjusted
Market cap
$79.0B
latest
P/E ratio
29.6
trailing
Dividend yield
1.38%
trailing
Max drawdown
-30.5%
3y, daily closes
CMI over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with CMI
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 0.69 | |
| ATMU | Atmus Filtration Technologies Inc. | 0.66 | |
| PH | Parker Hannifin | 0.65 | |
| CAT | Caterpillar Inc. | 0.63 | |
| MKSI | MKS Inc. | 0.63 | |
| AZZ | AZZ Inc. | 0.62 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.62 | |
| ITT | ITT Inc. | 0.61 | |
| RVT | Royce Small-Cap Trust, Inc. | 0.61 | |
| VYM | Vanguard High Dividend Yield ETF | 0.61 | |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.60 | |
| VTI | Vanguard Total Stock Market ETF | 0.60 | |
| VT | Vanguard Total World Stock ETF | 0.60 | |
| CRH | CRH plc | 0.60 | |
| VTV | Vanguard Value ETF | 0.60 |
Best diversifiers for CMI
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from CMI.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.50 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.45 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.40 | |
| GWRE | Guidewire Software, Inc. | -0.22 | |
| TRI | Thomson Reuters Corp | -0.20 | |
| RETO | ReTo Eco-Solutions, Inc. - Class A Shares | -0.19 | |
| MI | NFT Limited Class A | -0.19 | |
| RFAI | RF Acquisition Corp II | -0.18 | |
| ANNA | AleAnna, Inc. | -0.18 | |
| FCUV | Focus Universal Inc. | -0.17 |
CMI vs benchmarks
CMI vs its peers
Get CMI data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/cmi.jsonCorrelations, diversifiers, beta and volatility for CMI, plus one endpoint per pair. API documentation.
CMI inside major ETFs
| ETF | CMI weight | |
|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 1.41% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.71% |
| VIG | Vanguard Dividend Appreciation ETF | 0.38% |
| VYM | Vanguard High Dividend Yield ETF | 0.36% |
| VTV | Vanguard Value ETF | 0.33% |
| DGRO | iShares Core Dividend Growth ETF | 0.2% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.17% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.15% |
| VOO | Vanguard S&P 500 ETF | 0.14% |
| IVV | iShares Core S&P 500 ETF | 0.12% |
