BRKR vs WAT: Correlation
Measured on weekly returns over the past three years, Bruker Corporation (BRKR) and Waters Corporation (WAT) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRKR and WAT?
Across a 3-year window, the weekly returns of BRKR and WAT correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 1124.1 %².
Few assets follow BRKR as closely as WAT, which ranks #3 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with BRKR ahead by 34.3 points (+77.3% versus +43.0%).
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.
BRKR vs WAT: side by side
| BRKR (Bruker Corporation) | WAT (Waters Corporation) | |
|---|---|---|
| 1-year return | +77.3% | +43.0% |
| 5-year return | -32.8% | +2.0% |
| Volatility (ann.) | 49.5% | 35.3% |
| Beta vs S&P 500 | 1.17 | 0.89 |
| Max drawdown (3Y) | -68.7% | -33.4% |
| Market cap | $9.0B | $41.4B |
| P/E (trailing) | – | 105.3 |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BRKR | WAT |
|---|---|---|
| 2022 | -18.3% | -8.1% |
| 2023 | +7.8% | -3.9% |
| 2024 | -20.0% | +12.7% |
| 2025 | -19.2% | +2.4% |
| 2026 | +26.1% | +10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRKR and WAT good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BRKR and WAT?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.70 over the last year and 0.66 over 5 years.
Is WAT a good diversifier for BRKR?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brkr-vs-wat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brkr-vs-wat/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRKR correlations · WAT correlations
