STE vs VLTO: Correlation
How closely do Steris (STE) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STE and VLTO?
On 3 years of weekly data the STE/VLTO correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 204.0 %².
Within STE's tracked universe of 33 assets, VLTO comes in at #12 by 3-year correlation. Twelve-month performance is nearly a tie, at -5.7% for STE and -7.9% for VLTO. The rolling one-year correlation moved between 0.15 and 0.54 over the past three years, a moderate range.
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.
STE vs VLTO: side by side
| STE (Steris) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -5.7% | -7.9% |
| 5-year return | +13.6% | n/a |
| Volatility (ann.) | 22.3% | 21.2% |
| Beta vs S&P 500 | 0.43 | 0.66 |
| Max drawdown (3Y) | -25.4% | -27.1% |
| Market cap | $22.7B | $24.0B |
| P/E (trailing) | 28.5 | 24.9 |
| Dividend yield | 1.06% | 0.51% |
| Sector / category | Health Care | Industrials |
Year-by-year returns
| Year | STE | VLTO |
|---|---|---|
| 2022 | -23.4% | – |
| 2023 | +20.2% | – |
| 2024 | -5.6% | +24.3% |
| 2025 | +24.3% | -1.6% |
| 2026 | -7.6% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STE and VLTO good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between STE and VLTO?
The STE/VLTO correlation stands at 0.43 on a 3-year window (1 year: 0.52, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLTO a good diversifier for STE?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ste-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ste-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STE correlations · VLTO correlations
