MOD vs VRT: Correlation
Measured on weekly returns over the past three years, Modine Manufacturing Company (MOD) and Vertiv (VRT) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOD and VRT?
Over the past 3 years, MOD and VRT moved with a correlation of 0.69, which is strong. The past 12 months show a weaker link (0.56) than the 3-year average (0.69). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 2321.4 %².
In MOD's tracked universe of 15 assets, VRT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with VRT ahead by 75.8 points (+32.7% versus +108.5%).
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.
MOD vs VRT: side by side
| MOD (Modine Manufacturing Company) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | +32.7% | +108.5% |
| 5-year return | +1391.7% | +847.7% |
| Volatility (ann.) | 59.1% | 57.1% |
| Beta vs S&P 500 | 1.87 | 2.36 |
| Max drawdown (3Y) | -51.6% | -61.3% |
| Market cap | $9.9B | $103.7B |
| P/E (trailing) | 70.0 | 59.6 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MOD | VRT |
|---|---|---|
| 2022 | +96.8% | -45.3% |
| 2023 | +200.6% | +251.8% |
| 2024 | +94.2% | +136.8% |
| 2025 | +15.2% | +42.8% |
| 2026 | +39.5% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOD and VRT good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MOD and VRT?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.56 over the last year and 0.62 over 5 years.
Is VRT a good diversifier for MOD?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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/mod-vs-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mod-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MOD correlations · VRT correlations
