WAT correlations (Waters Corporation)
Which assets move with WAT 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.)
35.3%
3y weekly
Beta vs S&P 500
0.89
3y weekly
1-year return
+43.0%
price, adjusted
5-year return
+2.0%
price, adjusted
Market cap
$41.4B
latest
P/E ratio
105.3
trailing
Max drawdown
-33.4%
3y, daily closes
WAT over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with WAT
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| A | Agilent Technologies | 0.75 | |
| RVTY | Revvity | 0.68 | |
| TMO | Thermo Fisher Scientific | 0.65 | |
| BRKR | Bruker Corporation | 0.64 | |
| MTD | Mettler Toledo | 0.63 | |
| RGEN | Repligen Corporation | 0.62 | |
| BIO | Bio-Rad Laboratories, Inc. | 0.61 | |
| TECH | Bio-Techne | 0.58 | |
| DHR | Danaher Corporation | 0.58 | |
| IBB | iShares Biotechnology ETF | 0.53 | |
| CRL | Charles River Laboratories | 0.51 | |
| IQV | IQVIA | 0.51 | |
| AVTR | Avantor, Inc. | 0.50 | |
| BMEZ | BlackRock Health Sciences Term Trust | 0.48 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.48 |
Best diversifiers for WAT
If the goal is offsetting WAT, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.27 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.26 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.26 | |
| SOC | Sable Offshore Corp. | -0.24 | |
| RIME | Algorhythm Holdings, Inc. | -0.22 | |
| BGMS | Bio Green Med Solution, Inc. | -0.22 | |
| USO | United States Oil Fund | -0.22 | |
| AM | Antero Midstream Corporation | -0.22 | |
| BP | BP p.l.c. | -0.21 | |
| EQNR | Equinor ASA | -0.21 |
WAT vs benchmarks
WAT vs its peers
Get WAT data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/wat.jsonCorrelations, diversifiers, beta and volatility for WAT, plus one endpoint per pair. API documentation.
WAT inside major ETFs
| ETF | WAT weight | |
|---|---|---|
| XLV | Health Care Select Sector SPDR Fund | 0.65% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.21% |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.14% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.13% |
| VTV | Vanguard Value ETF | 0.07% |
| VUG | Vanguard Growth ETF | 0.07% |
| IVV | iShares Core S&P 500 ETF | 0.06% |
| SPY | SPDR S&P 500 ETF Trust | 0.06% |
| VOO | Vanguard S&P 500 ETF | 0.06% |
| VTI | Vanguard Total Stock Market ETF | 0.05% |
