KWR vs VTRS: Correlation
Quaker Houghton (KWR) and Viatris (VTRS) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWR and VTRS?
On 3 years of weekly data the KWR/VTRS correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.52 over 3. The 5-year figure is 0.44, and annualized covariance runs at 590.6 %².
By 3-year correlation, VTRS places #10 of the 20 assets tracked against KWR. The last year tells two different stories: VTRS led by 52.7 percentage points, +15.1% for KWR against +67.8% for VTRS.
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.
KWR vs VTRS: side by side
| KWR (Quaker Houghton) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | +15.1% | +67.8% |
| 5-year return | -32.5% | +44.6% |
| Volatility (ann.) | 34.3% | 32.8% |
| Beta vs S&P 500 | 1.16 | 0.79 |
| Max drawdown (3Y) | -55.3% | -45.0% |
| Market cap | $2.8B | $19.4B |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 1.24% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | KWR | VTRS |
|---|---|---|
| 2022 | -26.9% | -14.3% |
| 2023 | +29.1% | +2.1% |
| 2024 | -33.4% | +19.7% |
| 2025 | -0.8% | +5.1% |
| 2026 | +20.9% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWR and VTRS good diversifiers for each other?
Only partially. A correlation of 0.52 means KWR and VTRS 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 KWR and VTRS?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.54 over the last year and 0.44 over 5 years.
Is VTRS a good diversifier for KWR?
Only partially. A correlation of 0.52 means KWR and VTRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/kwr-vs-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kwr-vs-vtrs/)
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Related comparisons
Hubs: KWR correlations · VTRS correlations
