VLTO vs. SPY
VLTO (Veralto Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, VLTO returned -9.62% vs 21.49% for SPY. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
VLTO vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, VLTO achieves a -5.34% return, which is significantly lower than SPY's 10.13% return.
VLTO
- 1D
- -0.57%
- 1M
- 1.75%
- 6M
- -4.58%
- YTD
- -5.34%
- 1Y
- -9.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.03%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.27B | $35.99B | $39.23B | |
| $180.83M | $171.27M | $199.84M |
VLTO vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VLTO Veralto Corporation | -5.34% | -1.58% | 24.29% | 7.41% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 13.20% |
Correlation
The correlation between VLTO and SPY is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.36 |
Over the past year, the correlation between VLTO and SPY has dropped to 0.15 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
VLTO vs. SPY — Risk / Return Rank
VLTO
SPY
VLTO vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veralto Corporation (VLTO) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VLTO | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.27 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.20 | -2.60 |
| Martin ratioReturn relative to average drawdown | -0.70 | 9.40 | -10.10 |
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Drawdowns
VLTO vs. SPY - Drawdown Comparison
The maximum VLTO drawdown since its inception was -27.09%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VLTO and SPY.
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Drawdown Indicators
| VLTO | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.09% | -55.19% | +28.10% |
Max Drawdown (1Y)Largest decline over 1 year | -24.79% | -8.88% | -15.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -16.39% | -1.40% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -9.01% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.78% | 2.08% | +11.70% |
Volatility
VLTO vs. SPY - Volatility Comparison
Veralto Corporation (VLTO) has a higher volatility of 9.09% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that VLTO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLTO | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 3.58% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 10.14% | +8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.82% | 12.89% | +9.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 17.18% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.12% | 17.95% | +5.17% |
Dividends
VLTO vs. SPY - Dividend Comparison
VLTO's dividend yield for the trailing twelve months is around 0.53%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
VLTO Veralto Corporation | 0.53% | 0.46% | 0.37% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VLTO and SPY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLTO has higher volatility (9.09%) compared to SPY (3.58%). In terms of maximum drawdown, VLTO dropped -27.09% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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