CARR vs. IR
CARR (Carrier Global Corporation) and IR (Ingersoll-Rand Plc) are both stocks. Both are in the Industrials sector — CARR in Building Products & Equipment, IR in Specialty Industrial Machinery. Over the past 5 years, CARR returned 10.83%/yr vs 10.84%/yr for IR. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
CARR vs. IR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CARR achieves a 37.05% return, which is significantly higher than IR's -1.66% return.
CARR
- 1D
- 0.06%
- 1M
- 13.79%
- YTD
- 37.05%
- 6M
- 36.12%
- 1Y
- 3.78%
- 3Y*
- 15.90%
- 5Y*
- 10.83%
- 10Y*
- —
IR
- 1D
- -0.05%
- 1M
- 9.82%
- YTD
- -1.66%
- 6M
- -3.96%
- 1Y
- -3.04%
- 3Y*
- 7.21%
- 5Y*
- 10.84%
- 10Y*
- —
CARR vs. IR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 37.05% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
IR Ingersoll-Rand Plc | -1.66% | -12.34% | 17.06% | 48.21% | -15.41% | 35.85% | 97.74% |
Correlation
The correlation between CARR and IR is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.64 |
The correlation between CARR and IR has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
Fundamentals
CARR:
$1.55
IR:
$1.96
CARR:
46.50
IR:
39.69
CARR:
0.68
IR:
9.44
CARR:
2.80
IR:
2.99
CARR:
$21.87B
IR:
$7.78B
CARR:
$5.43B
IR:
$2.98B
CARR:
$3.15B
IR:
$1.55B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARR vs. IR — Risk / Return Rank
CARR
IR
CARR vs. IR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) and Ingersoll-Rand Plc (IR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CARR | IR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.10 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.16 | -0.22 | +0.38 |
Loading charts...
Drawdowns
CARR vs. IR - Drawdown Comparison
The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum IR drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for CARR and IR.
Loading charts...
Drawdown Indicators
| CARR | IR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -50.27% | +9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -37.38% | -30.56% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -36.62% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -36.62% | -4.20% |
Current DrawdownCurrent decline from peak | -10.72% | -25.97% | +15.25% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -12.86% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.14% | 13.84% | +10.30% |
Volatility
CARR vs. IR - Volatility Comparison
Carrier Global Corporation (CARR) has a higher volatility of 10.54% compared to Ingersoll-Rand Plc (IR) at 9.44%. This indicates that CARR's price experiences larger fluctuations and is considered to be riskier than IR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CARR | IR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 9.44% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 25.62% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.54% | 33.70% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.92% | 30.10% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.81% | 34.36% | +0.45% |
Dividends
CARR vs. IR - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.61%, more than IR's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.61% | 1.70% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% | 0.00% |
IR Ingersoll-Rand Plc | 0.10% | 0.10% | 0.09% | 0.10% | 0.15% | 0.03% | 0.00% | 5.78% |
Financials
CARR vs. IR - Financials Comparison
This section allows you to compare key financial metrics between Carrier Global Corporation and Ingersoll-Rand Plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CARR vs. IR - Profitability Comparison
CARR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a gross profit of 1.24B and revenue of 5.34B. Therefore, the gross margin over that period was 23.3%.
IR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ingersoll-Rand Plc reported a gross profit of 792.40M and revenue of 1.85B. Therefore, the gross margin over that period was 42.9%.
CARR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported an operating income of 259.00M and revenue of 5.34B, resulting in an operating margin of 4.9%.
IR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ingersoll-Rand Plc reported an operating income of 289.70M and revenue of 1.85B, resulting in an operating margin of 15.7%.
CARR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a net income of 238.00M and revenue of 5.34B, resulting in a net margin of 4.5%.
IR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ingersoll-Rand Plc reported a net income of 192.10M and revenue of 1.85B, resulting in a net margin of 10.4%.
Frequently Asked Questions
CARR and IR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARR has higher volatility (10.54%) compared to IR (9.44%). In terms of maximum drawdown, CARR dropped -40.82% vs IR's -50.27%.
CARR currently has the higher Sharpe Ratio (0.11 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CARR and IR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer