RVTY vs TMO: Correlation
How closely do Revvity (RVTY) and Thermo Fisher Scientific (TMO) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVTY and TMO?
Over the past 3 years, RVTY and TMO moved with a correlation of 0.71, which is strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.71 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 717.3 %².
TMO is one of the assets that tracks RVTY most closely: it ranks #1 out of the 39 assets we track against RVTY. Their recent paths diverged sharply: over the last 12 months RVTY outperformed by 17.1 percentage points (+46.8% for RVTY against +29.7% for TMO). On a rolling one-year basis the correlation drifted between 0.49 and 0.84, 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 TMO: side by side
| RVTY (Revvity) | TMO (Thermo Fisher Scientific) | |
|---|---|---|
| 1-year return | +46.8% | +29.7% |
| 5-year return | -30.2% | +14.5% |
| Volatility (ann.) | 34.2% | 29.4% |
| Beta vs S&P 500 | 0.81 | 0.74 |
| Max drawdown (3Y) | -35.3% | -37.3% |
| Market cap | $14.5B | $233.2B |
| P/E (trailing) | 62.4 | 34.1 |
| Dividend yield | 0.22% | 0.28% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | RVTY | TMO |
|---|---|---|
| 2022 | -30.1% | -17.3% |
| 2023 | -21.9% | -3.4% |
| 2024 | +2.4% | -1.7% |
| 2025 | -13.1% | +11.8% |
| 2026 | +34.3% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVTY and TMO good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RVTY and TMO?
As of 2026-08-27, the correlation of weekly returns between RVTY and TMO is 0.71 over 3 years, 0.74 over 1 year and 0.73 over 5 years.
Is TMO a good diversifier for RVTY?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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/rvty-vs-tmo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rvty-vs-tmo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RVTY correlations · TMO correlations
