DHR vs VLTO: Correlation
Measured on weekly returns over the past three years, Danaher Corporation (DHR) and Veralto (VLTO) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and VLTO?
On 3 years of weekly data the DHR/VLTO correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.52 over 3. The 5-year figure is n/a, and annualized covariance runs at 325.3 %².
Among the 49 assets we track against DHR, VLTO ranks #20 by 3-year correlation. Over the last 12 months DHR came out ahead by 13.9 percentage points (+6.0% against -7.9%). On a rolling one-year basis the correlation drifted between 0.37 and 0.65, a moderate band.
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.
DHR vs VLTO: side by side
| DHR (Danaher Corporation) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +6.0% | -7.9% |
| 5-year return | -23.8% | n/a |
| Volatility (ann.) | 29.5% | 21.2% |
| Beta vs S&P 500 | 0.82 | 0.66 |
| Max drawdown (3Y) | -41.7% | -27.1% |
| Market cap | $151.6B | $24.0B |
| P/E (trailing) | 38.4 | 24.9 |
| Dividend yield | 0.67% | 0.51% |
| Sector / category | Health Care | Industrials |
Year-by-year returns
| Year | DHR | VLTO |
|---|---|---|
| 2022 | -19.0% | – |
| 2023 | -1.2% | – |
| 2024 | -0.3% | +24.3% |
| 2025 | +0.4% | -1.6% |
| 2026 | -5.4% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and VLTO good diversifiers for each other?
To a limited degree. At 0.52 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 DHR and VLTO?
As of 2026-08-27, the correlation of weekly returns between DHR and VLTO is 0.52 over 3 years, 0.51 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for DHR?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/dhr-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHR correlations · VLTO correlations
