BSX vs VLTO: Correlation
How closely do Boston Scientific (BSX) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSX and VLTO?
Over the past 3 years, BSX and VLTO moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 275.5 %².
VLTO is one of the assets that tracks BSX most closely: it ranks #3 out of the 33 assets we track against BSX. The last year tells two different stories: VLTO led by 48.0 percentage points, -55.9% for BSX against -7.9% for VLTO. Stability stands out here, with the rolling one-year correlation confined to 0.37 through 0.61.
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.
BSX vs VLTO: side by side
| BSX (Boston Scientific) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -55.9% | -7.9% |
| 5-year return | +4.1% | n/a |
| Volatility (ann.) | 27.6% | 21.2% |
| Beta vs S&P 500 | 0.72 | 0.66 |
| Max drawdown (3Y) | -60.6% | -27.1% |
| Market cap | $67.6B | $24.0B |
| P/E (trailing) | 19.5 | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | Health Care | Industrials |
Year-by-year returns
| Year | BSX | VLTO |
|---|---|---|
| 2022 | +8.9% | – |
| 2023 | +24.9% | – |
| 2024 | +54.5% | +24.3% |
| 2025 | +6.8% | -1.6% |
| 2026 | -51.1% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSX and VLTO good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BSX and VLTO?
The BSX/VLTO correlation stands at 0.46 on a 3-year window (1 year: 0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLTO a good diversifier for BSX?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/bsx-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsx-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSX correlations · VLTO correlations
