TMO correlations (Thermo Fisher Scientific)
Which assets move with TMO and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Health Care · Life Sciences Tools & Services
Volatility (ann.)
29.4%
3y weekly
Beta vs S&P 500
0.74
3y weekly
1-year return
+29.7%
price, adjusted
5-year return
+14.5%
price, adjusted
Market cap
$233.2B
latest
P/E ratio
34.1
trailing
Dividend yield
0.28%
trailing
Max drawdown
-37.3%
3y, daily closes
TMO over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with TMO
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| DHR | Danaher Corporation | 0.79 | |
| A | Agilent Technologies | 0.76 | |
| IQV | IQVIA | 0.74 | |
| RVTY | Revvity | 0.71 | |
| MTD | Mettler Toledo | 0.69 | |
| TECH | Bio-Techne | 0.68 | |
| AVTR | Avantor, Inc. | 0.67 | |
| XLV | Health Care Select Sector SPDR Fund | 0.67 | |
| IBB | iShares Biotechnology ETF | 0.65 | |
| WAT | Waters Corporation | 0.65 | |
| RGEN | Repligen Corporation | 0.65 | |
| BIO | Bio-Rad Laboratories, Inc. | 0.63 | |
| BRKR | Bruker Corporation | 0.63 | |
| BME | Blackrock Health Sciences Trust | 0.62 | |
| ICLR | ICON plc | 0.62 |
Best diversifiers for TMO
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from TMO.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.32 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.32 | |
| TRT | Trio-Tech International | -0.25 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.22 | |
| USO | United States Oil Fund | -0.20 | |
| PM | Philip Morris International | -0.19 | |
| FCFS | FirstCash Holdings, Inc. | -0.19 | |
| WTI | W&T Offshore, Inc. | -0.17 | |
| RAYA | Erayak Power Solution Group Inc. - Class A | -0.16 | |
| WMB | Williams Companies | -0.16 |
TMO vs benchmarks
TMO vs its peers
Get TMO data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/tmo.jsonCorrelations, diversifiers, beta and volatility for TMO, plus one endpoint per pair. API documentation.
TMO inside major ETFs
| ETF | TMO weight | |
|---|---|---|
| XLV | Health Care Select Sector SPDR Fund | 3.76% |
| VTV | Vanguard Value ETF | 0.8% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.78% |
| IVV | iShares Core S&P 500 ETF | 0.36% |
| SPY | SPDR S&P 500 ETF Trust | 0.36% |
| VOO | Vanguard S&P 500 ETF | 0.33% |
| VTI | Vanguard Total Stock Market ETF | 0.3% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.24% |
| ACWI | iShares MSCI ACWI ETF | 0.23% |
| DGRO | iShares Core Dividend Growth ETF | 0.2% |
