RVTY vs TECH: Correlation
Revvity (RVTY) and Bio-Techne (TECH) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVTY and TECH?
On 3 years of weekly data the RVTY/TECH correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.66 over 3. The 5-year figure is 0.70, and annualized covariance runs at 940.0 %².
TECH is one of the assets that tracks RVTY most closely: it ranks #3 out of the 39 assets we track against RVTY. Correlation aside, the last 12 months split them widely, with RVTY ahead by 17.2 points (+46.8% versus +29.6%). On a rolling one-year basis the correlation drifted between 0.56 and 0.86, a moderate band.
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.
RVTY vs TECH: side by side
| RVTY (Revvity) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | +46.8% | +29.6% |
| 5-year return | -30.2% | -41.4% |
| Volatility (ann.) | 34.2% | 41.9% |
| Beta vs S&P 500 | 0.81 | 0.90 |
| Max drawdown (3Y) | -35.3% | -48.1% |
| Market cap | $14.5B | $11.4B |
| P/E (trailing) | 62.4 | 62.5 |
| Dividend yield | 0.22% | 0.44% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | RVTY | TECH |
|---|---|---|
| 2022 | -30.1% | -35.7% |
| 2023 | -21.9% | -6.5% |
| 2024 | +2.4% | -6.2% |
| 2025 | -13.1% | -17.9% |
| 2026 | +34.3% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVTY and TECH good diversifiers for each other?
Only partially. A correlation of 0.66 means RVTY and TECH 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 RVTY and TECH?
The RVTY/TECH correlation stands at 0.66 on a 3-year window (1 year: 0.59, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is TECH a good diversifier for RVTY?
Only partially. A correlation of 0.66 means RVTY and TECH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RVTY correlations · TECH correlations
