MCO vs VLTO: Correlation
Measured on weekly returns over the past three years, Moody's Corporation (MCO) and Veralto (VLTO) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and VLTO?
Across a 3-year window, the weekly returns of MCO and VLTO correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 285.4 %².
Within MCO's tracked universe of 53 assets, VLTO comes in at #34 by 3-year correlation. On 12-month performance MCO holds a 8.6-point edge, +0.7% against -7.9%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.26 and 0.78 over the past three years, so this pair behaves very differently depending on the market environment.
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.
MCO vs VLTO: side by side
| MCO (Moody's Corporation) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +0.7% | -7.9% |
| 5-year return | +39.4% | n/a |
| Volatility (ann.) | 25.8% | 21.2% |
| Beta vs S&P 500 | 1.08 | 0.66 |
| Max drawdown (3Y) | -24.7% | -27.1% |
| Market cap | $88.2B | $24.0B |
| P/E (trailing) | 32.7 | 24.9 |
| Dividend yield | 0.77% | 0.51% |
| Sector / category | Financials | Industrials |
Year-by-year returns
| Year | MCO | VLTO |
|---|---|---|
| 2022 | -28.0% | – |
| 2023 | +41.5% | – |
| 2024 | +22.2% | +24.3% |
| 2025 | +8.7% | -1.6% |
| 2026 | +0.3% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCO and VLTO good diversifiers for each other?
Only partially. A correlation of 0.52 means MCO and VLTO 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 MCO and VLTO?
The MCO/VLTO correlation stands at 0.52 on a 3-year window (1 year: 0.61, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLTO a good diversifier for MCO?
Only partially. A correlation of 0.52 means MCO and VLTO 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/mco-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mco-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCO correlations · VLTO correlations
