ATEC vs VNT: Correlation
How closely do Alphatec Holdings, Inc. (ATEC) and Vontier Corporation (VNT) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEC and VNT?
Over the past 3 years, ATEC and VNT moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 891.6 %².
By 3-year correlation, VNT places #5 of the 11 assets tracked against ATEC. Correlation aside, the last 12 months split them widely, with VNT ahead by 17.3 points (-40.9% versus -23.6%). Risk is not evenly split, since ATEC carries 2.3 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.
ATEC vs VNT: side by side
| ATEC (Alphatec Holdings, Inc.) | VNT (Vontier Corporation) | |
|---|---|---|
| 1-year return | -40.9% | -23.6% |
| 5-year return | -29.0% | -7.6% |
| Volatility (ann.) | 71.5% | 31.1% |
| Beta vs S&P 500 | 0.88 | 1.13 |
| Max drawdown (3Y) | -70.3% | -38.4% |
| Market cap | $1.5B | $4.5B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.00% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEC | VNT |
|---|---|---|
| 2022 | +8.0% | -36.8% |
| 2023 | +22.3% | +79.3% |
| 2024 | -39.2% | +5.8% |
| 2025 | +129.2% | +2.2% |
| 2026 | -54.5% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEC and VNT good diversifiers for each other?
Reasonably. At 0.40, ATEC and VNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATEC and VNT?
The ATEC/VNT correlation stands at 0.40 on a 3-year window (1 year: 0.33, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is VNT a good diversifier for ATEC?
Reasonably. At 0.40, ATEC and VNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/atec-vs-vnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atec-vs-vnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATEC correlations · VNT correlations
