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 3.79%/yr vs 11.40%/yr for IR. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
CARR vs. IR - Performance Comparison
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Returns By Period
In the year-to-date period, CARR achieves a 18.32% return, which is significantly higher than IR's 5.30% return.
CARR
- 1D
- 0.68%
- 1M
- -11.47%
- 6M
- 4.49%
- YTD
- 18.32%
- 1Y
- -6.22%
- 3Y*
- 2.60%
- 5Y*
- 3.79%
- 10Y*
- —
- ALL TIME*
- 28.61%
IR
- 1D
- -1.11%
- 1M
- 3.46%
- 6M
- -3.10%
- YTD
- 5.30%
- 1Y
- 11.31%
- 3Y*
- 8.20%
- 5Y*
- 11.40%
- 10Y*
- —
- ALL TIME*
- 16.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $590.03M | $475.98M | $441.62M | |
| $385.67M | $344.34M | $322.61M |
CARR vs. IR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 18.32% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
IR Ingersoll-Rand Plc | 5.30% | -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 have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.65 |
The correlation between CARR and IR has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
Fundamentals
CARR:
$50.95B
IR:
$32.63B
CARR:
$1.44
IR:
$3.23
CARR:
42.91
IR:
25.83
CARR:
0.63
IR:
6.14
CARR:
2.37
IR:
3.12
CARR:
$22.11B
IR:
$7.94B
CARR:
$5.38B
IR:
$3.01B
CARR:
$2.75B
IR:
$1.83B
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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 | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.02 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.05 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.68 | -0.10 | -0.58 |
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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.
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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 | -25.38% | -30.56% | +5.18% |
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 | -22.92% | -20.74% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -12.98% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.38% | 13.84% | -0.46% |
Volatility
CARR vs. IR - Volatility Comparison
Carrier Global Corporation (CARR) has a higher volatility of 12.94% compared to Ingersoll-Rand Plc (IR) at 10.46%. 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.
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Volatility by Period
| CARR | IR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.94% | 10.46% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 30.28% | 25.99% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.83% | 34.83% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.34% | 30.29% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.98% | 34.37% | +0.61% |
Dividends
CARR vs. IR - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.53%, more than IR's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.53% | 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 Aug 2026, Carrier Global Corporation reported a gross profit of 1.73B and revenue of 6.35B. Therefore, the gross margin over that period was 27.2%.
IR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ingersoll-Rand Plc reported a gross profit of 862.60M and revenue of 2.05B. Therefore, the gross margin over that period was 42.1%.
CARR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Carrier Global Corporation reported an operating income of 770.00M and revenue of 6.35B, resulting in an operating margin of 12.1%.
IR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ingersoll-Rand Plc reported an operating income of 380.30M and revenue of 2.05B, resulting in an operating margin of 18.6%.
CARR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Carrier Global Corporation reported a net income of 501.00M and revenue of 6.35B, resulting in a net margin of 7.9%.
IR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ingersoll-Rand Plc reported a net income of 256.80M and revenue of 2.05B, resulting in a net margin of 12.5%.
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 (12.94%) compared to IR (10.46%). In terms of maximum drawdown, CARR dropped -40.82% vs IR's -50.27%.
IR currently has the higher Sharpe Ratio (-0.04 vs -0.24), 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.
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