Wearable devices are a popular training tool to measure biomechanical performance indicators during running, including vertical oscillation (VO). VO is a contributing factor in running economy and injury risk, therefore VO feedback can have a positive impact on running performance. The validity and reliability of the VO measurements from wearable devices is crucial for them to be an effective training tool. The aims of this study were to test the validity and reliability of VO measurements from wearable devices against video analysis of a single trunk marker. Four wearable devices were compared: the INCUS NOVA, Garmin Heart Rate Monitor-Pro (HRM), Garmin Running Dynamics Pod (RDP), and Stryd Running Power Meter Footpod (Footpod). Fifteen participants completed treadmill running at five different self-selected speeds for one minute at each speed. Each speed interval was completed twice. VO was recorded simultaneously by video and the wearables devices. There was significant effect of measurement method on VO (p < 0.001), with the NOVA and Footpod underestimating VO compared to video analysis, while the HRM and RDP overestimated. Although there were significant differences in the average VO values, all devices were significantly correlated with the video analysis (R > = 0.51, p < 0.001). Significant agreement between repeated VO measurements for all devices, revealed the devices to be reliable (ICC > = 0.948, p < 0.001). There was also significant agreement for VO measurements between each device and the video analysis (ICC > = 0.731, p < = 0.001), therefore validating the devices for VO measurement during running. These results demonstrate that wearable devices are valid and reliable tools to detect changes in VO during running. However, VO measurements varied significantly between the different wearables tested and this should be considered when comparing VO values between devices.