PH vs VLTO: Correlation
How closely do Parker Hannifin (PH) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PH and VLTO?
On 3 years of weekly data the PH/VLTO correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.43 over 3. The 5-year figure is n/a, and annualized covariance runs at 241.9 %².
Among the 57 assets we track against PH, VLTO ranks #44 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PH ahead by 40.7 points (+32.8% versus -7.9%). Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.70.
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.
PH vs VLTO: side by side
| PH (Parker Hannifin) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +32.8% | -7.9% |
| 5-year return | +256.4% | n/a |
| Volatility (ann.) | 26.6% | 21.2% |
| Beta vs S&P 500 | 1.16 | 0.66 |
| Max drawdown (3Y) | -26.8% | -27.1% |
| Market cap | $127.5B | $24.0B |
| P/E (trailing) | 36.5 | 24.9 |
| Dividend yield | 0.71% | 0.51% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | PH | VLTO |
|---|---|---|
| 2022 | -6.9% | – |
| 2023 | +60.8% | – |
| 2024 | +39.6% | +24.3% |
| 2025 | +39.5% | -1.6% |
| 2026 | +15.5% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PH and VLTO good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PH and VLTO?
As of 2026-08-27, the correlation of weekly returns between PH and VLTO is 0.43 over 3 years, 0.33 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for PH?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/ph-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ph-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PH correlations · VLTO correlations
