GDTC vs VLTO: Correlation
Measured on weekly returns over the past three years, CytoMed Therapeutics Limited (GDTC) and Veralto (VLTO) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDTC and VLTO?
Across a 3-year window, the weekly returns of GDTC and VLTO correlate at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -285.1 %².
Within GDTC's tracked universe of 16 assets, VLTO comes in at #11 by 3-year correlation. The last year tells two different stories: VLTO led by 44.8 percentage points, -52.7% for GDTC against -7.9% for VLTO. Risk is not evenly split, since GDTC carries 3.5 times the volatility of the other side.
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.
GDTC vs VLTO: side by side
| GDTC (CytoMed Therapeutics Limited) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -52.7% | -7.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 75.2% | 21.2% |
| Beta vs S&P 500 | 0.08 | 0.66 |
| Max drawdown (3Y) | -86.1% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GDTC | VLTO |
|---|---|---|
| 2024 | -30.6% | +24.3% |
| 2025 | -60.7% | -1.6% |
| 2026 | -28.8% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDTC and VLTO good diversifiers for each other?
Yes. With a correlation of -0.18, GDTC and VLTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GDTC and VLTO?
As of 2026-08-27, the correlation of weekly returns between GDTC and VLTO is -0.18 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for GDTC?
Yes. With a correlation of -0.18, GDTC and VLTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/gdtc-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdtc-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDTC correlations · VLTO correlations
