SMP vs VTRS: Correlation
Standard Motor Products, Inc. (SMP) and Viatris (VTRS) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMP and VTRS?
Across a 3-year window, the weekly returns of SMP and VTRS correlate at 0.49, moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.49). Stretching to 5 years gives 0.40, with an annualized covariance of 568.2 %².
Within SMP's tracked universe of 13 assets, VTRS comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VTRS ahead by 70.5 points (-2.7% versus +67.8%).
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.
SMP vs VTRS: side by side
| SMP (Standard Motor Products, Inc.) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | -2.7% | +67.8% |
| 5-year return | +1.1% | +44.6% |
| Volatility (ann.) | 35.3% | 32.8% |
| Beta vs S&P 500 | 0.75 | 0.79 |
| Max drawdown (3Y) | -44.8% | -45.0% |
| Market cap | $0.8B | $19.4B |
| P/E (trailing) | 9.4 | – |
| Dividend yield | 3.50% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | SMP | VTRS |
|---|---|---|
| 2022 | -31.8% | -14.3% |
| 2023 | +18.0% | +2.1% |
| 2024 | -19.4% | +19.7% |
| 2025 | +23.4% | +5.1% |
| 2026 | +3.1% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMP and VTRS good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SMP and VTRS?
The SMP/VTRS correlation stands at 0.49 on a 3-year window (1 year: 0.38, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is VTRS a good diversifier for SMP?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/smp-vs-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/smp-vs-vtrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SMP correlations · VTRS correlations
