CDW vs VNT: Correlation
How closely do CDW Corporation (CDW) and Vontier Corporation (VNT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and VNT?
On 3 years of weekly data the CDW/VNT correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 509.6 %².
Among the 40 assets we track against CDW, VNT ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CDW ahead by 15.6 points (-8.0% versus -23.6%).
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.
CDW vs VNT: side by side
| CDW (CDW Corporation) | VNT (Vontier Corporation) | |
|---|---|---|
| 1-year return | -8.0% | -23.6% |
| 5-year return | -20.5% | -7.6% |
| Volatility (ann.) | 34.2% | 31.1% |
| Beta vs S&P 500 | 1.01 | 1.13 |
| Max drawdown (3Y) | -60.4% | -38.4% |
| Market cap | $18.6B | $4.5B |
| P/E (trailing) | 17.0 | 14.0 |
| Dividend yield | 1.78% | 0.30% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDW | VNT |
|---|---|---|
| 2022 | -11.7% | -36.8% |
| 2023 | +28.8% | +79.3% |
| 2024 | -22.6% | +5.8% |
| 2025 | -20.6% | +2.2% |
| 2026 | +11.1% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and VNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CDW and VNT?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.43 over the last year and 0.47 over 5 years.
Is VNT a good diversifier for CDW?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/cdw-vs-vnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdw-vs-vnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDW correlations · VNT correlations
