ARKO vs VTRS: Correlation
ARKO Corp. (ARKO) and Viatris (VTRS) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKO and VTRS?
Across a 3-year window, the weekly returns of ARKO and VTRS correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 904.9 %².
Among the 10 assets we track against ARKO, VTRS ranks #4 by 3-year correlation. The last year tells two different stories: VTRS led by 77.5 percentage points, -9.7% for ARKO against +67.8% for VTRS. Note the risk asymmetry: ARKO runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARKO vs VTRS: side by side
| ARKO (ARKO Corp.) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | -9.7% | +67.8% |
| 5-year return | -52.2% | +44.6% |
| Volatility (ann.) | 57.6% | 32.8% |
| Beta vs S&P 500 | 1.16 | 0.79 |
| Max drawdown (3Y) | -55.2% | -45.0% |
| Market cap | $0.5B | $19.4B |
| P/E (trailing) | 55.8 | – |
| Dividend yield | 2.57% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ARKO | VTRS |
|---|---|---|
| 2022 | -0.3% | -14.3% |
| 2023 | -3.3% | +2.1% |
| 2024 | -18.6% | +19.7% |
| 2025 | -29.3% | +5.1% |
| 2026 | -0.2% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKO and VTRS good diversifiers for each other?
Reasonably. At 0.48, ARKO and VTRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKO and VTRS?
The ARKO/VTRS correlation stands at 0.48 on a 3-year window (1 year: 0.52, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is VTRS a good diversifier for ARKO?
Reasonably. At 0.48, ARKO and VTRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arko-vs-vtrs/)
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Related comparisons
Hubs: ARKO correlations · VTRS correlations
