ETN vs VRT: Correlation
Measured on weekly returns over the past three years, Eaton Corporation (ETN) and Vertiv (VRT) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and VRT?
Over the past 3 years, ETN and VRT moved with a correlation of 0.76, which is strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.76). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 1310.2 %².
By 3-year correlation, VRT places #4 of the 44 assets tracked against ETN. The last year tells two different stories: VRT led by 88.8 percentage points, +19.7% for ETN against +108.5% for VRT. The rolling one-year correlation moved between 0.57 and 0.88 over the past three years, a moderate range. Note the risk asymmetry: VRT runs 1.9 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.
ETN vs VRT: side by side
| ETN (Eaton Corporation) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | +19.7% | +108.5% |
| 5-year return | +164.1% | +847.7% |
| Volatility (ann.) | 30.2% | 57.1% |
| Beta vs S&P 500 | 1.33 | 2.36 |
| Max drawdown (3Y) | -34.5% | -61.3% |
| Market cap | $161.6B | $103.7B |
| P/E (trailing) | 42.4 | 59.6 |
| Dividend yield | 1.02% | 0.07% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ETN | VRT |
|---|---|---|
| 2022 | -7.2% | -45.3% |
| 2023 | +56.2% | +251.8% |
| 2024 | +39.5% | +136.8% |
| 2025 | -2.8% | +42.8% |
| 2026 | +31.7% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and VRT good diversifiers for each other?
Only partially. A correlation of 0.76 means ETN and VRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ETN and VRT?
As of 2026-08-27, the correlation of weekly returns between ETN and VRT is 0.76 over 3 years, 0.59 over 1 year and 0.67 over 5 years.
Is VRT a good diversifier for ETN?
Only partially. A correlation of 0.76 means ETN and VRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/etn-vs-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etn-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETN correlations · VRT correlations
