PNR vs VTV: Correlation
Measured on weekly returns over the past three years, Pentair (PNR) and Vanguard Value ETF (VTV) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and VTV?
Over the past 3 years, PNR and VTV moved with a correlation of 0.58, which is moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.58). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 194.2 %².
Among the 38 assets we track against PNR, VTV ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTV outperformed by 68.2 percentage points (-42.5% for PNR against +25.7% for VTV). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.27 to 0.78. One caveat on sizing: PNR is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VTV: side by side
| PNR (Pentair) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -42.5% | +25.7% |
| 5-year return | -14.1% | +79.1% |
| Volatility (ann.) | 28.2% | 11.9% |
| Beta vs S&P 500 | 1.07 | 0.65 |
| Max drawdown (3Y) | -45.0% | -14.5% |
| Market cap | $9.9B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | PNR | VTV |
|---|---|---|
| 2022 | -37.4% | -2.1% |
| 2023 | +64.2% | +9.3% |
| 2024 | +40.0% | +16.0% |
| 2025 | +4.5% | +15.3% |
| 2026 | -39.8% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and VTV good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PNR and VTV?
As of 2026-08-27, the correlation of weekly returns between PNR and VTV is 0.58 over 3 years, 0.27 over 1 year and 0.59 over 5 years.
Is VTV a good diversifier for PNR?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pnr-vs-vtv.json
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[](https://www.pairbook.io/pair/pnr-vs-vtv/)
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Related comparisons
Hubs: PNR correlations · VTV correlations
