AME vs VT: Correlation
Measured on weekly returns over the past three years, Ametek (AME) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and VT?
Across a 3-year window, the weekly returns of AME and VT correlate at 0.61, strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.70, with an annualized covariance of 174.3 %².
By 3-year correlation, VT places #15 of the 31 assets tracked against AME. Over the last 12 months AME came out ahead by 8.7 percentage points (+31.4% against +22.7%). The rolling one-year correlation moved between 0.44 and 0.75 over the past three years, a moderate range.
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.
AME vs VT: side by side
| AME (Ametek) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +31.4% | +22.7% |
| 5-year return | +83.6% | +67.7% |
| Volatility (ann.) | 20.4% | 13.9% |
| Beta vs S&P 500 | 0.84 | 0.92 |
| Max drawdown (3Y) | -23.0% | -16.5% |
| Market cap | $55.9B | – |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.53% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Industrials | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | AME | VT |
|---|---|---|
| 2022 | -4.3% | -18.0% |
| 2023 | +18.8% | +22.0% |
| 2024 | +10.0% | +16.5% |
| 2025 | +14.7% | +22.4% |
| 2026 | +19.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and VT good diversifiers for each other?
Only partially. A correlation of 0.61 means AME and VT 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 AME and VT?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.55 over the last year and 0.70 over 5 years.
Is VT a good diversifier for AME?
Only partially. A correlation of 0.61 means AME and VT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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
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Related comparisons
Hubs: AME correlations · VT correlations
