BWIN vs VLTO: Correlation
How closely do The Baldwin Insurance Group, Inc. (BWIN) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWIN and VLTO?
On 3 years of weekly data the BWIN/VLTO correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 515.7 %².
By 3-year correlation, VLTO places #5 of the 11 assets tracked against BWIN. Their 12-month results are close: -6.0% for BWIN against -7.9% for VLTO. Note the risk asymmetry: BWIN runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BWIN vs VLTO: side by side
| BWIN (The Baldwin Insurance Group, Inc.) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -6.0% | -7.9% |
| 5-year return | -13.5% | n/a |
| Volatility (ann.) | 54.6% | 21.2% |
| Beta vs S&P 500 | 0.60 | 0.66 |
| Max drawdown (3Y) | -70.2% | -27.1% |
| Market cap | $2.9B | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BWIN | VLTO |
|---|---|---|
| 2022 | -30.4% | – |
| 2023 | -4.5% | – |
| 2024 | +61.4% | +24.3% |
| 2025 | -38.0% | -1.6% |
| 2026 | +25.5% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWIN and VLTO good diversifiers for each other?
Reasonably. At 0.44, BWIN and VLTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BWIN and VLTO?
As of 2026-08-27, the correlation of weekly returns between BWIN and VLTO is 0.44 over 3 years, 0.50 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for BWIN?
Reasonably. At 0.44, BWIN and VLTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/bwin-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwin-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BWIN correlations · VLTO correlations
