REED vs VLTO: Correlation
Measured on weekly returns over the past three years, Reed's, Inc. (REED) and Veralto (VLTO) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REED and VLTO?
On 3 years of weekly data the REED/VLTO correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -380.6 %².
By 3-year correlation, VLTO places #10 of the 31 assets tracked against REED. Correlation aside, the last 12 months split them widely, with VLTO ahead by 76.2 points (-84.1% versus -7.9%). Note the risk asymmetry: REED runs 4.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
REED vs VLTO: side by side
| REED (Reed's, Inc.) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -84.1% | -7.9% |
| 5-year return | -99.5% | n/a |
| Volatility (ann.) | 104.6% | 21.2% |
| Beta vs S&P 500 | -0.39 | 0.66 |
| Max drawdown (3Y) | -96.4% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | REED | VLTO |
|---|---|---|
| 2022 | -80.6% | – |
| 2023 | -54.3% | – |
| 2024 | -60.6% | +24.3% |
| 2025 | -44.4% | -1.6% |
| 2026 | -53.6% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REED and VLTO good diversifiers for each other?
Yes. With a correlation of -0.17, REED and VLTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between REED and VLTO?
As of 2026-08-27, the correlation of weekly returns between REED and VLTO is -0.17 over 3 years, -0.22 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for REED?
Yes. With a correlation of -0.17, REED and VLTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/reed-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reed-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REED correlations · VLTO correlations
