ITW correlations (Illinois Tool Works)
Which assets move with ITW 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 · Industrial Machinery & Supplies & Components
Volatility (ann.)
19.0%
3y weekly
Beta vs S&P 500
0.64
3y weekly
1-year return
+8.2%
price, adjusted
5-year return
+36.1%
price, adjusted
Market cap
$80.2B
latest
P/E ratio
25.8
trailing
Dividend yield
2.26%
trailing
Max drawdown
-20.6%
3y, daily closes
ITW over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with ITW
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| GGG | Graco Inc. | 0.77 | |
| DGRO | iShares Core Dividend Growth ETF | 0.72 | |
| IR | Ingersoll Rand | 0.71 | |
| XLI | Industrial Select Sector SPDR Fund | 0.71 | |
| VYM | Vanguard High Dividend Yield ETF | 0.71 | |
| PPG | PPG Industries | 0.70 | |
| VTV | Vanguard Value ETF | 0.70 | |
| AOS | A. O. Smith | 0.70 | |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.70 | |
| XLB | Materials Select Sector SPDR Fund | 0.69 | |
| FELE | Franklin Electric Co., Inc. | 0.69 | |
| SWK | Stanley Black & Decker | 0.69 | |
| SCHD | Schwab US Dividend Equity ETF | 0.69 | |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.69 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.68 |
Best diversifiers for ITW
If the goal is offsetting ITW, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.42 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.41 | |
| YHGJ | Yunhong Green CTI Ltd. | -0.25 | |
| OMH | Ohmyhome Limited - Class A | -0.24 | |
| USO | United States Oil Fund | -0.22 | |
| ABTS | Abits Group Inc | -0.21 | |
| AGRO | Adecoagro S.A. | -0.20 | |
| INDO | Indonesia Energy Corporation Limited | -0.20 | |
| BRN | Barnwell Industries, Inc. | -0.19 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.19 |
ITW vs benchmarks
ITW vs its peers
Get ITW data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/itw.jsonCorrelations, diversifiers, beta and volatility for ITW, plus one endpoint per pair. API documentation.
ITW inside major ETFs
| ETF | ITW weight | |
|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 1.32% |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.76% |
| DGRO | iShares Core Dividend Growth ETF | 0.44% |
| VYM | Vanguard High Dividend Yield ETF | 0.34% |
| VIG | Vanguard Dividend Appreciation ETF | 0.33% |
| VTV | Vanguard Value ETF | 0.29% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.25% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.21% |
| VOO | Vanguard S&P 500 ETF | 0.12% |
| IVV | iShares Core S&P 500 ETF | 0.11% |
