BON vs VRT: Correlation
Measured on weekly returns over the past three years, Bon Natural Life Limited - Class A (BON) and Vertiv (VRT) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BON and VRT?
Over the past 3 years, BON and VRT moved with a correlation of 0.32, which is moderate. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 1701.8 %².
Among the 12 assets we track against BON, VRT ranks #5 by 3-year correlation. The last year tells two different stories: VRT led by 126.5 percentage points, -18.0% for BON against +108.5% for VRT. Risk is not evenly split, since BON carries 1.7 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.
BON vs VRT: side by side
| BON (Bon Natural Life Limited - Class A) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | -18.0% | +108.5% |
| 5-year return | -100.0% | +847.7% |
| Volatility (ann.) | 94.3% | 57.1% |
| Beta vs S&P 500 | 1.69 | 2.36 |
| Max drawdown (3Y) | -99.4% | -61.3% |
| Market cap | – | $103.7B |
| P/E (trailing) | – | 59.6 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BON | VRT |
|---|---|---|
| 2022 | -76.2% | -45.3% |
| 2023 | -48.9% | +251.8% |
| 2024 | -67.2% | +136.8% |
| 2025 | -96.4% | +42.8% |
| 2026 | -28.3% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BON and VRT good diversifiers for each other?
Reasonably. At 0.32, BON and VRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BON and VRT?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.26 over the last year and 0.19 over 5 years.
Is VRT a good diversifier for BON?
Reasonably. At 0.32, BON and VRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/bon-vs-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bon-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BON correlations · VRT correlations
