AIOT vs VTI: Correlation
How closely do PowerFleet, Inc. (AIOT) and Vanguard Total Stock Market ETF (VTI) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOT and VTI?
On 3 years of weekly data the AIOT/VTI correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 538.9 %².
In AIOT's tracked universe of 14 assets, VTI sits right near the top at #2. The last year tells two different stories: VTI led by 58.2 percentage points, -37.5% for AIOT against +20.7% for VTI. One caveat on sizing: AIOT is 4.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIOT vs VTI: side by side
| AIOT (PowerFleet, Inc.) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | -37.5% | +20.7% |
| 5-year return | -57.4% | +74.8% |
| Volatility (ann.) | 67.2% | 14.6% |
| Beta vs S&P 500 | 2.51 | 1.01 |
| Max drawdown (3Y) | -67.2% | -19.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | AIOT | VTI |
|---|---|---|
| 2022 | -43.2% | -19.5% |
| 2023 | +27.1% | +26.0% |
| 2024 | +94.7% | +23.8% |
| 2025 | -20.1% | +17.1% |
| 2026 | -43.6% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOT and VTI good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIOT and VTI?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.56 over the last year and 0.43 over 5 years.
Is VTI a good diversifier for AIOT?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aiot-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiot-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIOT correlations · VTI correlations
