ARMK vs VSTS: Correlation
How closely do Aramark (ARMK) and Vestis Corporation (VSTS) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARMK and VSTS?
Across a 3-year window, the weekly returns of ARMK and VSTS correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.39 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 609.6 %².
By 3-year correlation, VSTS places #6 of the 12 assets tracked against ARMK. Correlation aside, the last 12 months split them widely, with VSTS ahead by 126.6 points (+50.6% versus +177.2%). Risk is not evenly split, since VSTS carries 2.4 times the volatility of the other side.
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.
ARMK vs VSTS: side by side
| ARMK (Aramark) | VSTS (Vestis Corporation) | |
|---|---|---|
| 1-year return | +50.6% | +177.2% |
| 5-year return | +152.4% | n/a |
| Volatility (ann.) | 25.7% | 61.1% |
| Beta vs S&P 500 | 0.61 | 0.98 |
| Max drawdown (3Y) | -27.6% | -81.6% |
| Market cap | $15.5B | $1.7B |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARMK | VSTS |
|---|---|---|
| 2022 | +13.5% | – |
| 2023 | -4.7% | – |
| 2024 | +34.3% | -27.2% |
| 2025 | -0.1% | -56.1% |
| 2026 | +60.9% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARMK and VSTS good diversifiers for each other?
Reasonably. At 0.39, ARMK and VSTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARMK and VSTS?
As of 2026-08-27, the correlation of weekly returns between ARMK and VSTS is 0.39 over 3 years, 0.48 over 1 year and n/a over 5 years.
Is VSTS a good diversifier for ARMK?
Reasonably. At 0.39, ARMK and VSTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: ARMK correlations · VSTS correlations
