PNR vs VYM: Correlation
Pentair (PNR) and Vanguard High Dividend Yield ETF (VYM) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and VYM?
On 3 years of weekly data the PNR/VYM correlation comes out at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.58). The 5-year figure is 0.58, and annualized covariance runs at 200.4 %².
Within PNR's tracked universe of 38 assets, VYM comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VYM outperformed by 63.6 percentage points (-42.5% for PNR against +21.1% for VYM). This link changes with the market regime, having swung between 0.24 and 0.79 on a rolling one-year basis. One caveat on sizing: PNR is 2.3 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 VYM: side by side
| PNR (Pentair) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | -42.5% | +21.1% |
| 5-year return | -14.1% | +76.6% |
| Volatility (ann.) | 28.2% | 12.3% |
| Beta vs S&P 500 | 1.07 | 0.69 |
| Max drawdown (3Y) | -45.0% | -14.5% |
| Market cap | $9.9B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | PNR | VYM |
|---|---|---|
| 2022 | -37.4% | -0.4% |
| 2023 | +64.2% | +6.6% |
| 2024 | +40.0% | +17.6% |
| 2025 | +4.5% | +15.4% |
| 2026 | -39.8% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and VYM good diversifiers for each other?
Only partially. A correlation of 0.58 means PNR and VYM 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 VYM?
The PNR/VYM correlation stands at 0.58 on a 3-year window (1 year: 0.26, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for PNR?
Only partially. A correlation of 0.58 means PNR and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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.
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Related comparisons
Hubs: PNR correlations · VYM correlations
