AVTR vs ERIE: Correlation
Measured on weekly returns over the past three years, Avantor, Inc. (AVTR) and Erie Indemnity (ERIE) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTR and ERIE?
Across a 3-year window, the weekly returns of AVTR and ERIE correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.27, with an annualized covariance of 570.2 %².
By 3-year correlation, ERIE places #9 of the 14 assets tracked against AVTR. The last year tells two different stories: AVTR led by 35.3 percentage points, +10.8% for AVTR against -24.5% for ERIE.
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.
AVTR vs ERIE: side by side
| AVTR (Avantor, Inc.) | ERIE (Erie Indemnity) | |
|---|---|---|
| 1-year return | +10.8% | -24.5% |
| 5-year return | -63.4% | +61.3% |
| Volatility (ann.) | 44.6% | 30.3% |
| Beta vs S&P 500 | 0.89 | 0.37 |
| Max drawdown (3Y) | -73.2% | -60.9% |
| Market cap | $9.9B | $13.6B |
| P/E (trailing) | – | 23.4 |
| Dividend yield | 0.00% | 2.24% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AVTR | ERIE |
|---|---|---|
| 2022 | -50.0% | +32.0% |
| 2023 | +8.3% | +37.3% |
| 2024 | -7.7% | +24.7% |
| 2025 | -45.6% | -29.4% |
| 2026 | +27.5% | -8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTR and ERIE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVTR and ERIE?
The AVTR/ERIE correlation stands at 0.42 on a 3-year window (1 year: 0.34, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is ERIE a good diversifier for AVTR?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/avtr-vs-erie.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avtr-vs-erie/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVTR correlations · ERIE correlations
