SOLV vs VNQ: Correlation
Measured on weekly returns over the past three years, Solventum (SOLV) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOLV and VNQ?
On 3 years of weekly data the SOLV/VNQ correlation comes out at 0.48, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.48). The 5-year figure is n/a, and annualized covariance runs at 223.0 %².
Within SOLV's tracked universe of 30 assets, VNQ comes in at #10 by 3-year correlation. The trailing year gives SOLV the advantage: +24.7% versus +10.3%, a 14.4-point spread. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.75. Note the risk asymmetry: SOLV runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SOLV vs VNQ: side by side
| SOLV (Solventum) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +24.7% | +10.3% |
| 5-year return | n/a | +9.5% |
| Volatility (ann.) | 30.4% | 16.6% |
| Beta vs S&P 500 | 0.62 | 0.59 |
| Max drawdown (3Y) | -40.0% | -17.5% |
| Market cap | $15.5B | – |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 0.00% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | Health Care | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | SOLV | VNQ |
|---|---|---|
| 2022 | – | -26.3% |
| 2023 | – | +11.9% |
| 2024 | – | +4.8% |
| 2025 | +20.0% | +3.2% |
| 2026 | +14.8% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOLV and VNQ good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SOLV and VNQ?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.33 over the last year and n/a over 5 years.
Is VNQ a good diversifier for SOLV?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/solv-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/solv-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SOLV correlations · VNQ correlations
