VLTO vs XYL: Correlation
Veralto (VLTO) and Xylem Inc. (XYL) 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 VLTO and XYL?
Across a 3-year window, the weekly returns of VLTO and XYL correlate at 0.49, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 248.1 %².
By 3-year correlation, XYL places #17 of the 37 assets tracked against VLTO. The trailing year gives VLTO the advantage: -7.9% versus -21.1%, a 13.2-point spread. The rolling one-year correlation moved between 0.27 and 0.67 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.
VLTO vs XYL: side by side
| VLTO (Veralto) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | -7.9% | -21.1% |
| 5-year return | n/a | -12.5% |
| Volatility (ann.) | 21.2% | 23.9% |
| Beta vs S&P 500 | 0.66 | 0.96 |
| Max drawdown (3Y) | -27.1% | -30.0% |
| Market cap | $24.0B | $26.3B |
| P/E (trailing) | 24.9 | 26.8 |
| Dividend yield | 0.51% | 1.47% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | VLTO | XYL |
|---|---|---|
| 2022 | – | -6.6% |
| 2023 | – | +4.8% |
| 2024 | +24.3% | +2.6% |
| 2025 | -1.6% | +18.8% |
| 2026 | -1.1% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VLTO and XYL good diversifiers for each other?
Reasonably. At 0.49, VLTO and XYL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between VLTO and XYL?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.26 over the last year and n/a over 5 years.
Is XYL a good diversifier for VLTO?
Reasonably. At 0.49, VLTO and XYL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/vlto-vs-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vlto-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VLTO correlations · XYL correlations
