COO vs SOLV: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and Solventum (SOLV) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and SOLV?
Across a 3-year window, the weekly returns of COO and SOLV correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 386.5 %².
Among the 38 assets we track against COO, SOLV ranks #20 by 3-year correlation. The last year tells two different stories: SOLV led by 29.0 percentage points, -4.3% for COO against +24.7% for SOLV. Stability stands out here, with the rolling one-year correlation confined to 0.32 through 0.54.
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.
COO vs SOLV: side by side
| COO (Cooper Companies (The)) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -4.3% | +24.7% |
| 5-year return | -36.8% | n/a |
| Volatility (ann.) | 27.7% | 30.4% |
| Beta vs S&P 500 | 0.69 | 0.62 |
| Max drawdown (3Y) | -47.0% | -40.0% |
| Market cap | – | $15.5B |
| P/E (trailing) | 61.7 | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | COO | SOLV |
|---|---|---|
| 2022 | -21.1% | – |
| 2023 | +14.5% | – |
| 2024 | -2.8% | – |
| 2025 | -10.8% | +20.0% |
| 2026 | -13.4% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and SOLV good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COO and SOLV?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is SOLV a good diversifier for COO?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/coo-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coo-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COO correlations · SOLV correlations
