APAM vs VRTS: Correlation
Artisan Partners Asset Management Inc. (APAM) and Virtus Investment Partners, Inc. (VRTS) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APAM and VRTS?
Across a 3-year window, the weekly returns of APAM and VRTS correlate at 0.65, strong. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.65). Stretching to 5 years gives 0.70, with an annualized covariance of 543.8 %².
By 3-year correlation, VRTS places #8 of the 17 assets tracked against APAM. The trailing year gives APAM the advantage: +1.2% versus -11.8%, a 13.0-point spread.
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.
APAM vs VRTS: side by side
| APAM (Artisan Partners Asset Management Inc.) | VRTS (Virtus Investment Partners, Inc.) | |
|---|---|---|
| 1-year return | +1.2% | -11.8% |
| 5-year return | +28.1% | -34.1% |
| Volatility (ann.) | 27.0% | 30.7% |
| Beta vs S&P 500 | 1.14 | 1.03 |
| Max drawdown (3Y) | -28.9% | -46.6% |
| Market cap | $3.1B | $1.1B |
| P/E (trailing) | 10.4 | 9.5 |
| Dividend yield | 7.95% | 5.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APAM | VRTS |
|---|---|---|
| 2022 | -31.3% | -33.5% |
| 2023 | +60.3% | +30.9% |
| 2024 | +4.8% | -5.6% |
| 2025 | +2.7% | -22.1% |
| 2026 | +15.4% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APAM and VRTS good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APAM and VRTS?
As of 2026-08-27, the correlation of weekly returns between APAM and VRTS is 0.65 over 3 years, 0.33 over 1 year and 0.70 over 5 years.
Is VRTS a good diversifier for APAM?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apam-vs-vrts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apam-vs-vrts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APAM correlations · VRTS correlations
