AMP vs VTV: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and Vanguard Value ETF (VTV) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and VTV?
Over the past 3 years, AMP and VTV moved with a correlation of 0.67, which is strong. The past 12 months show a weaker link (0.31) than the 3-year average (0.67). Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 198.9 %².
Within AMP's tracked universe of 34 assets, VTV comes in at #14 by 3-year correlation. The last year tells two different stories: VTV led by 17.0 percentage points, +8.7% for AMP against +25.7% for VTV. This link changes with the market regime, having swung between 0.30 and 0.85 on a rolling one-year basis. Note the risk asymmetry: AMP runs 2.1 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.
AMP vs VTV: side by side
| AMP (Ameriprise Financial) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +8.7% | +25.7% |
| 5-year return | +119.2% | +79.1% |
| Volatility (ann.) | 25.0% | 11.9% |
| Beta vs S&P 500 | 1.09 | 0.65 |
| Max drawdown (3Y) | -26.4% | -14.5% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | AMP | VTV |
|---|---|---|
| 2022 | +5.0% | -2.1% |
| 2023 | +24.0% | +9.3% |
| 2024 | +42.1% | +16.0% |
| 2025 | -6.7% | +15.3% |
| 2026 | +14.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds AMP at a 0.18% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AMP and VTV good diversifiers for each other?
Only partially. A correlation of 0.67 means AMP and VTV 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 AMP and VTV?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.31 over the last year and 0.76 over 5 years.
Is VTV a good diversifier for AMP?
Only partially. A correlation of 0.67 means AMP and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 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: AMP correlations · VTV correlations
