TRMB vs VLTO: Correlation
How closely do Trimble Inc. (TRMB) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRMB and VLTO?
Over the past 3 years, TRMB and VLTO moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 322.5 %².
By 3-year correlation, VLTO places #25 of the 43 assets tracked against TRMB. The last year tells two different stories: VLTO led by 17.2 percentage points, -25.1% for TRMB against -7.9% for VLTO. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.69.
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.
TRMB vs VLTO: side by side
| TRMB (Trimble Inc.) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -25.1% | -7.9% |
| 5-year return | -35.7% | n/a |
| Volatility (ann.) | 30.9% | 21.2% |
| Beta vs S&P 500 | 1.13 | 0.66 |
| Max drawdown (3Y) | -42.7% | -27.1% |
| Market cap | $14.3B | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | Information Technology | Industrials |
Year-by-year returns
| Year | TRMB | VLTO |
|---|---|---|
| 2022 | -42.0% | – |
| 2023 | +5.2% | – |
| 2024 | +32.8% | +24.3% |
| 2025 | +10.9% | -1.6% |
| 2026 | -21.5% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRMB and VLTO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TRMB and VLTO?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.48 over the last year and n/a over 5 years.
Is VLTO a good diversifier for TRMB?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/trmb-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trmb-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRMB correlations · VLTO correlations
