FIP vs VRT: Correlation
Measured on weekly returns over the past three years, FTAI Infrastructure Inc. (FIP) and Vertiv (VRT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIP and VRT?
Across a 3-year window, the weekly returns of FIP and VRT correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 1534.4 %².
Among the 13 assets we track against FIP, VRT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VRT outperformed by 136.0 percentage points (-27.5% for FIP against +108.5% for VRT).
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.
FIP vs VRT: side by side
| FIP (FTAI Infrastructure Inc.) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | -27.5% | +108.5% |
| 5-year return | n/a | +847.7% |
| Volatility (ann.) | 56.6% | 57.1% |
| Beta vs S&P 500 | 1.48 | 2.36 |
| Max drawdown (3Y) | -68.0% | -61.3% |
| Market cap | $0.4B | $103.7B |
| P/E (trailing) | – | 59.6 |
| Dividend yield | 3.22% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FIP | VRT |
|---|---|---|
| 2022 | – | -45.3% |
| 2023 | +36.9% | +251.8% |
| 2024 | +89.5% | +136.8% |
| 2025 | -34.9% | +42.8% |
| 2026 | -19.2% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIP and VRT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FIP and VRT?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.46 over the last year and 0.38 over 5 years.
Is VRT a good diversifier for FIP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/fip-vs-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fip-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIP correlations · VRT correlations
