AER vs VEA: Correlation
How closely do AerCap Holdings N.V. (AER) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AER and VEA?
Over the past 3 years, AER and VEA moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 209.4 %².
Few assets follow AER as closely as VEA, which ranks #1 of 11 tracked partners. Over the last 12 months VEA came out ahead by 7.1 percentage points (+21.4% against +28.5%).
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.
AER vs VEA: side by side
| AER (AerCap Holdings N.V.) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +21.4% | +28.5% |
| 5-year return | +178.9% | +63.5% |
| Volatility (ann.) | 22.0% | 15.1% |
| Beta vs S&P 500 | 0.79 | 0.79 |
| Max drawdown (3Y) | -15.7% | -13.5% |
| Market cap | $23.3B | – |
| P/E (trailing) | 7.4 | – |
| Dividend yield | 0.98% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | AER | VEA |
|---|---|---|
| 2022 | -10.9% | -15.3% |
| 2023 | +27.4% | +17.9% |
| 2024 | +29.8% | +3.1% |
| 2025 | +51.4% | +35.2% |
| 2026 | +3.8% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AER and VEA good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AER and VEA?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.62 over the last year and 0.66 over 5 years.
Is VEA a good diversifier for AER?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aer-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aer-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AER correlations · VEA correlations
