PNR vs VEEE: Correlation
Measured on weekly returns over the past three years, Pentair (PNR) and Twin Vee PowerCats Co. (VEEE) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and VEEE?
On 3 years of weekly data the PNR/VEEE correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.57) than the 3-year average (-0.33). The 5-year figure is -0.21, and annualized covariance runs at -3944.0 %².
VEEE is close to the least connected end of PNR's tracked universe, ranking #35 of 38. Correlation aside, the last 12 months split them widely, with PNR ahead by 43.8 points (-42.5% versus -86.3%). Risk is not evenly split, since VEEE carries 14.9 times the volatility of the other side.
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.
PNR vs VEEE: side by side
| PNR (Pentair) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | -42.5% | -86.3% |
| 5-year return | -14.1% | -99.4% |
| Volatility (ann.) | 28.2% | 421.0% |
| Beta vs S&P 500 | 1.07 | -1.03 |
| Max drawdown (3Y) | -45.0% | -99.3% |
| Market cap | $9.9B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PNR | VEEE |
|---|---|---|
| 2022 | -37.4% | -54.4% |
| 2023 | +64.2% | -22.4% |
| 2024 | +40.0% | -61.3% |
| 2025 | +4.5% | -68.4% |
| 2026 | -39.8% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and VEEE good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between PNR and VEEE?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.57 over the last year and -0.21 over 5 years.
Is VEEE a good diversifier for PNR?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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
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Related comparisons
Hubs: PNR correlations · VEEE correlations
