PRLB vs VNT: Correlation
Measured on weekly returns over the past three years, Proto Labs, Inc. (PRLB) and Vontier Corporation (VNT) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRLB and VNT?
Across a 3-year window, the weekly returns of PRLB and VNT correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 922.1 %².
VNT is one of the assets that tracks PRLB most closely: it ranks #2 out of the 17 assets we track against PRLB. The last year tells two different stories: PRLB led by 81.2 percentage points, +57.6% for PRLB against -23.6% for VNT. Risk is not evenly split, since PRLB carries 1.6 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.
PRLB vs VNT: side by side
| PRLB (Proto Labs, Inc.) | VNT (Vontier Corporation) | |
|---|---|---|
| 1-year return | +57.6% | -23.6% |
| 5-year return | +10.1% | -7.6% |
| Volatility (ann.) | 50.3% | 31.1% |
| Beta vs S&P 500 | 1.52 | 1.13 |
| Max drawdown (3Y) | -33.6% | -38.4% |
| Market cap | $1.9B | $4.5B |
| P/E (trailing) | 62.6 | 14.0 |
| Dividend yield | 0.00% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRLB | VNT |
|---|---|---|
| 2022 | -50.3% | -36.8% |
| 2023 | +52.6% | +79.3% |
| 2024 | +0.3% | +5.8% |
| 2025 | +29.4% | +2.2% |
| 2026 | +58.3% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRLB and VNT good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PRLB and VNT?
As of 2026-08-27, the correlation of weekly returns between PRLB and VNT is 0.59 over 3 years, 0.51 over 1 year and 0.53 over 5 years.
Is VNT a good diversifier for PRLB?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/prlb-vs-vnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prlb-vs-vnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRLB correlations · VNT correlations
