ERIE vs VLTO: Correlation
How closely do Erie Indemnity (ERIE) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and VLTO?
On 3 years of weekly data the ERIE/VLTO correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.41 over 3. The 5-year figure is n/a, and annualized covariance runs at 268.7 %².
Among the 33 assets we track against ERIE, VLTO ranks #15 by 3-year correlation. The last year tells two different stories: VLTO led by 16.6 percentage points, -24.5% for ERIE against -7.9% for VLTO. On a rolling one-year basis the correlation drifted between 0.25 and 0.53, 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.
ERIE vs VLTO: side by side
| ERIE (Erie Indemnity) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -24.5% | -7.9% |
| 5-year return | +61.3% | n/a |
| Volatility (ann.) | 30.3% | 21.2% |
| Beta vs S&P 500 | 0.37 | 0.66 |
| Max drawdown (3Y) | -60.9% | -27.1% |
| Market cap | $13.6B | $24.0B |
| P/E (trailing) | 23.4 | 24.9 |
| Dividend yield | 2.24% | 0.51% |
| Sector / category | Financials | Industrials |
Year-by-year returns
| Year | ERIE | VLTO |
|---|---|---|
| 2022 | +32.0% | – |
| 2023 | +37.3% | – |
| 2024 | +24.7% | +24.3% |
| 2025 | -29.4% | -1.6% |
| 2026 | -8.0% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and VLTO good diversifiers for each other?
Reasonably. At 0.41, ERIE and VLTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ERIE and VLTO?
The ERIE/VLTO correlation stands at 0.41 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLTO a good diversifier for ERIE?
Reasonably. At 0.41, ERIE and VLTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/erie-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/erie-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ERIE correlations · VLTO correlations
