PNR vs VLTO: Correlation
Measured on weekly returns over the past three years, Pentair (PNR) 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 PNR and VLTO?
Across a 3-year window, the weekly returns of PNR and VLTO correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.52 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 313.3 %².
Among the 38 assets we track against PNR, VLTO ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VLTO ahead by 34.6 points (-42.5% versus -7.9%). Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.71.
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 VLTO: side by side
| PNR (Pentair) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -42.5% | -7.9% |
| 5-year return | -14.1% | n/a |
| Volatility (ann.) | 28.2% | 21.2% |
| Beta vs S&P 500 | 1.07 | 0.66 |
| Max drawdown (3Y) | -45.0% | -27.1% |
| Market cap | $9.9B | $24.0B |
| P/E (trailing) | 16.2 | 24.9 |
| Dividend yield | 1.65% | 0.51% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | PNR | VLTO |
|---|---|---|
| 2022 | -37.4% | – |
| 2023 | +64.2% | – |
| 2024 | +40.0% | +24.3% |
| 2025 | +4.5% | -1.6% |
| 2026 | -39.8% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and VLTO good diversifiers for each other?
Only partially. A correlation of 0.52 means PNR 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 PNR and VLTO?
The PNR/VLTO correlation stands at 0.52 on a 3-year window (1 year: 0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLTO a good diversifier for PNR?
Only partially. A correlation of 0.52 means PNR 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?
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/pnr-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pnr-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PNR correlations · VLTO correlations
