EQNR vs VLTO: Correlation
How closely do Equinor ASA (EQNR) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and VLTO?
Across a 3-year window, the weekly returns of EQNR and VLTO correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -126.3 %².
By 3-year correlation, VLTO places #28 of the 79 assets tracked against EQNR. Correlation aside, the last 12 months split them widely, with EQNR ahead by 85.1 points (+77.2% versus -7.9%). Note the risk asymmetry: EQNR runs 1.6 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.
EQNR vs VLTO: side by side
| EQNR (Equinor ASA) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +77.2% | -7.9% |
| 5-year return | +180.6% | n/a |
| Volatility (ann.) | 33.2% | 21.2% |
| Beta vs S&P 500 | -0.25 | 0.66 |
| Max drawdown (3Y) | -27.6% | -27.1% |
| Market cap | $98.6B | $24.0B |
| P/E (trailing) | 11.2 | 24.9 |
| Dividend yield | 3.73% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EQNR | VLTO |
|---|---|---|
| 2022 | +42.8% | – |
| 2023 | -0.8% | – |
| 2024 | -16.0% | +24.3% |
| 2025 | +6.1% | -1.6% |
| 2026 | +81.8% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and VLTO good diversifiers for each other?
Yes. With a correlation of -0.18, EQNR and VLTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EQNR and VLTO?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.18 over the last year and n/a over 5 years.
Is VLTO a good diversifier for EQNR?
Yes. With a correlation of -0.18, EQNR and VLTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eqnr-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqnr-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQNR correlations · VLTO correlations
