KIDS vs VLTO: Correlation
Measured on weekly returns over the past three years, OrthoPediatrics Corp. (KIDS) and Veralto (VLTO) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIDS and VLTO?
On 3 years of weekly data the KIDS/VLTO correlation comes out at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.45). The 5-year figure is n/a, and annualized covariance runs at 455.3 %².
By 3-year correlation, VLTO places #5 of the 12 assets tracked against KIDS. The last year tells two different stories: KIDS led by 15.7 percentage points, +7.8% for KIDS against -7.9% for VLTO. Note the risk asymmetry: KIDS runs 2.2 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.
KIDS vs VLTO: side by side
| KIDS (OrthoPediatrics Corp.) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +7.8% | -7.9% |
| 5-year return | -65.6% | n/a |
| Volatility (ann.) | 47.6% | 21.2% |
| Beta vs S&P 500 | 0.91 | 0.66 |
| Max drawdown (3Y) | -62.1% | -27.1% |
| Market cap | $0.6B | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | KIDS | VLTO |
|---|---|---|
| 2022 | -33.6% | – |
| 2023 | -18.2% | – |
| 2024 | -28.7% | +24.3% |
| 2025 | -23.4% | -1.6% |
| 2026 | +31.3% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIDS and VLTO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KIDS and VLTO?
As of 2026-08-27, the correlation of weekly returns between KIDS and VLTO is 0.45 over 3 years, 0.60 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for KIDS?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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/kids-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kids-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KIDS correlations · VLTO correlations
