BAX vs RVTY: Correlation
Measured on weekly returns over the past three years, Baxter International (BAX) and Revvity (RVTY) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAX and RVTY?
Across a 3-year window, the weekly returns of BAX and RVTY correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 639.0 %².
By 3-year correlation, RVTY places #18 of the 43 assets tracked against BAX. Correlation aside, the last 12 months split them widely, with RVTY ahead by 40.2 points (+6.6% versus +46.8%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.12 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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.
BAX vs RVTY: side by side
| BAX (Baxter International) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +6.6% | +46.8% |
| 5-year return | -62.2% | -30.2% |
| Volatility (ann.) | 38.4% | 34.2% |
| Beta vs S&P 500 | 0.89 | 0.81 |
| Max drawdown (3Y) | -62.4% | -35.3% |
| Market cap | $13.4B | $14.5B |
| P/E (trailing) | – | 62.4 |
| Dividend yield | 0.75% | 0.22% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | BAX | RVTY |
|---|---|---|
| 2022 | -39.6% | -30.1% |
| 2023 | -21.9% | -21.9% |
| 2024 | -22.4% | +2.4% |
| 2025 | -33.3% | -13.1% |
| 2026 | +35.8% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAX and RVTY good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BAX and RVTY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.46 over the last year and 0.50 over 5 years.
Is RVTY a good diversifier for BAX?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/bax-vs-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bax-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAX correlations · RVTY correlations
