MTD vs RVTY: Correlation
Measured on weekly returns over the past three years, Mettler Toledo (MTD) and Revvity (RVTY) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTD and RVTY?
Across a 3-year window, the weekly returns of MTD and RVTY correlate at 0.55, moderate. The past 12 months show a weaker link (0.44) than the 3-year average (0.55). Stretching to 5 years gives 0.64, with an annualized covariance of 591.8 %².
By 3-year correlation, RVTY places #14 of the 38 assets tracked against MTD. The last year tells two different stories: RVTY led by 37.3 percentage points, +9.5% for MTD against +46.8% for RVTY. On a rolling one-year basis the correlation drifted between 0.44 and 0.80, a moderate band.
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.
MTD vs RVTY: side by side
| MTD (Mettler Toledo) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +9.5% | +46.8% |
| 5-year return | -11.4% | -30.2% |
| Volatility (ann.) | 31.4% | 34.2% |
| Beta vs S&P 500 | 1.00 | 0.81 |
| Max drawdown (3Y) | -36.6% | -35.3% |
| Market cap | $28.2B | $14.5B |
| P/E (trailing) | 31.7 | 62.4 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | MTD | RVTY |
|---|---|---|
| 2022 | -14.8% | -30.1% |
| 2023 | -16.1% | -21.9% |
| 2024 | +0.9% | +2.4% |
| 2025 | +13.9% | -13.1% |
| 2026 | +0.9% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTD and RVTY good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MTD and RVTY?
The MTD/RVTY correlation stands at 0.55 on a 3-year window (1 year: 0.44, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is RVTY a good diversifier for MTD?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mtd-vs-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtd-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTD correlations · RVTY correlations
