ADI vs VOO: Correlation
Analog Devices (ADI) and Vanguard S&P 500 ETF (VOO) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and VOO?
Across a 3-year window, the weekly returns of ADI and VOO correlate at 0.69, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 323.8 %².
By 3-year correlation, VOO places #15 of the 51 assets tracked against ADI. The last year tells two different stories: ADI led by 28.0 percentage points, +48.6% for ADI against +20.6% for VOO. The link looks structural: the rolling one-year correlation barely moved, holding between 0.56 and 0.79. Note the risk asymmetry: ADI runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADI vs VOO: side by side
| ADI (Analog Devices) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +48.6% | +20.6% |
| 5-year return | +143.1% | +83.0% |
| Volatility (ann.) | 32.6% | 14.4% |
| Beta vs S&P 500 | 1.56 | 0.99 |
| Max drawdown (3Y) | -32.2% | -18.7% |
| Market cap | $181.5B | – |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 1.15% | 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 | ADI | VOO |
|---|---|---|
| 2022 | -4.9% | -18.2% |
| 2023 | +23.4% | +26.3% |
| 2024 | +8.8% | +25.0% |
| 2025 | +29.8% | +17.8% |
| 2026 | +38.9% | +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 ADI at a 0.28% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ADI and VOO good diversifiers for each other?
Only partially. A correlation of 0.69 means ADI and VOO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADI and VOO?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.65 over the last year and 0.68 over 5 years.
Is VOO a good diversifier for ADI?
Only partially. A correlation of 0.69 means ADI and VOO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ADI correlations · VOO correlations
