A vs AVTR: Correlation
Measured on weekly returns over the past three years, Agilent Technologies (A) and Avantor, Inc. (AVTR) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and AVTR?
On 3 years of weekly data the A/AVTR correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.58 over 3. The 5-year figure is 0.57, and annualized covariance runs at 802.5 %².
Within A's tracked universe of 33 assets, AVTR comes in at #12 by 3-year correlation. The last year tells two different stories: A led by 23.1 percentage points, +33.9% for A against +10.8% for AVTR.
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.
A vs AVTR: side by side
| A (Agilent Technologies) | AVTR (Avantor, Inc.) | |
|---|---|---|
| 1-year return | +33.9% | +10.8% |
| 5-year return | -7.5% | -63.4% |
| Volatility (ann.) | 31.0% | 44.6% |
| Beta vs S&P 500 | 0.98 | 0.89 |
| Max drawdown (3Y) | -35.3% | -73.2% |
| Market cap | $44.5B | $9.9B |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | AVTR |
|---|---|---|
| 2022 | -5.5% | -50.0% |
| 2023 | -6.4% | +8.3% |
| 2024 | -2.7% | -7.7% |
| 2025 | +1.9% | -45.6% |
| 2026 | +16.6% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and AVTR good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between A and AVTR?
The A/AVTR correlation stands at 0.58 on a 3-year window (1 year: 0.62, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is AVTR a good diversifier for A?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/a-vs-avtr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/a-vs-avtr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: A correlations · AVTR correlations
