AAPL vs VOO: Correlation
Apple Inc. (AAPL) and Vanguard S&P 500 ETF (VOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and VOO?
Across a 3-year window, the weekly returns of AAPL and VOO correlate at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.57). Stretching to 5 years gives 0.68, with an annualized covariance of 221.2 %².
Among the 32 assets we track against AAPL, VOO ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AAPL ahead by 16.4 points (+37.0% versus +20.6%). The rolling one-year correlation moved between 0.40 and 0.78 over the past three years, a moderate range. Risk is not evenly split, since AAPL carries 1.9 times the volatility of the other side.
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.
AAPL vs VOO: side by side
| AAPL (Apple Inc.) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +37.0% | +20.6% |
| 5-year return | +110.6% | +83.0% |
| Volatility (ann.) | 27.2% | 14.4% |
| Beta vs S&P 500 | 1.06 | 0.99 |
| Max drawdown (3Y) | -33.4% | -18.7% |
| Market cap | $4,591.0B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Information Technology | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | AAPL | VOO |
|---|---|---|
| 2022 | -26.4% | -18.2% |
| 2023 | +49.0% | +26.3% |
| 2024 | +30.7% | +25.0% |
| 2025 | +9.1% | +17.8% |
| 2026 | +16.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VOO holds AAPL at a 7.05% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AAPL and VOO good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AAPL and VOO?
As of 2026-08-27, the correlation of weekly returns between AAPL and VOO is 0.57 over 3 years, 0.41 over 1 year and 0.68 over 5 years.
Is VOO a good diversifier for AAPL?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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.
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Hubs: AAPL correlations · VOO correlations
