ESAB vs VNT: Correlation
ESAB Corporation (ESAB) and Vontier Corporation (VNT) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESAB and VNT?
On 3 years of weekly data the ESAB/VNT correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 699.7 %².
Among the 13 assets we track against ESAB, VNT ranks #5 by 3-year correlation. On 12-month performance VNT holds a 8.9-point edge, -32.5% against -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.
ESAB vs VNT: side by side
| ESAB (ESAB Corporation) | VNT (Vontier Corporation) | |
|---|---|---|
| 1-year return | -32.5% | -23.6% |
| 5-year return | +60.4% | -7.6% |
| Volatility (ann.) | 36.3% | 31.1% |
| Beta vs S&P 500 | 1.30 | 1.13 |
| Max drawdown (3Y) | -41.6% | -38.4% |
| Market cap | $4.9B | $4.5B |
| P/E (trailing) | 25.8 | 14.0 |
| Dividend yield | 0.51% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESAB | VNT |
|---|---|---|
| 2022 | – | -36.8% |
| 2023 | +85.2% | +79.3% |
| 2024 | +38.9% | +5.8% |
| 2025 | -6.5% | +2.2% |
| 2026 | -29.1% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESAB and VNT good diversifiers for each other?
To a limited degree. At 0.62 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 ESAB and VNT?
As of 2026-08-27, the correlation of weekly returns between ESAB and VNT is 0.62 over 3 years, 0.55 over 1 year and 0.57 over 5 years.
Is VNT a good diversifier for ESAB?
To a limited degree. At 0.62 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 0.62 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/esab-vs-vnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/esab-vs-vnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ESAB correlations · VNT correlations
