SNN vs VISN: Correlation
Measured on weekly returns over the past three years, Smith & Nephew SNATS, Inc. (SNN) and Vistance Networks, Inc. (VISN) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNN and VISN?
Across a 3-year window, the weekly returns of SNN and VISN correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.43). Stretching to 5 years gives 0.36, with an annualized covariance of 1197.6 %².
Within SNN's tracked universe of 14 assets, VISN comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VISN ahead by 67.8 points (-20.0% versus +47.8%). One caveat on sizing: VISN is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SNN vs VISN: side by side
| SNN (Smith & Nephew SNATS, Inc.) | VISN (Vistance Networks, Inc.) | |
|---|---|---|
| 1-year return | -20.0% | +47.8% |
| 5-year return | -13.6% | +50.2% |
| Volatility (ann.) | 26.3% | 105.2% |
| Beta vs S&P 500 | 0.60 | 1.73 |
| Max drawdown (3Y) | -24.0% | -76.6% |
| Market cap | $12.2B | $2.7B |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 1.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SNN | VISN |
|---|---|---|
| 2022 | -20.2% | -33.4% |
| 2023 | +4.4% | -61.6% |
| 2024 | -7.3% | +84.8% |
| 2025 | +36.8% | +248.0% |
| 2026 | -9.9% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNN and VISN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SNN and VISN?
As of 2026-08-27, the correlation of weekly returns between SNN and VISN is 0.43 over 3 years, 0.15 over 1 year and 0.36 over 5 years.
Is VISN a good diversifier for SNN?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/snn-vs-visn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/snn-vs-visn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SNN correlations · VISN correlations
