SHW vs VLTO: Correlation
Sherwin-Williams (SHW) and Veralto (VLTO) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHW and VLTO?
On 3 years of weekly data the SHW/VLTO correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.51). The 5-year figure is n/a, and annualized covariance runs at 267.0 %².
Among the 60 assets we track against SHW, VLTO ranks #34 by 3-year correlation. Neither side won the trailing year by much: -5.1% against -7.9%. Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.71.
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.
SHW vs VLTO: side by side
| SHW (Sherwin-Williams) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -5.1% | -7.9% |
| 5-year return | +18.3% | n/a |
| Volatility (ann.) | 24.6% | 21.2% |
| Beta vs S&P 500 | 0.79 | 0.66 |
| Max drawdown (3Y) | -25.7% | -27.1% |
| Market cap | $83.8B | $24.0B |
| P/E (trailing) | 31.8 | 24.9 |
| Dividend yield | 0.91% | 0.51% |
| Sector / category | Materials | Industrials |
Year-by-year returns
| Year | SHW | VLTO |
|---|---|---|
| 2022 | -32.0% | – |
| 2023 | +32.7% | – |
| 2024 | +9.9% | +24.3% |
| 2025 | -3.8% | -1.6% |
| 2026 | +7.3% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHW and VLTO good diversifiers for each other?
To a limited degree. At 0.51 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 SHW and VLTO?
As of 2026-08-27, the correlation of weekly returns between SHW and VLTO is 0.51 over 3 years, 0.39 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for SHW?
To a limited degree. At 0.51 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 0.51 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/shw-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shw-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SHW correlations · VLTO correlations
