AMP vs VYM: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and Vanguard High Dividend Yield ETF (VYM) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and VYM?
Over the past 3 years, AMP and VYM moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.34) than the 3-year average (0.68). Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 208.1 %².
Among the 34 assets we track against AMP, VYM ranks #9 by 3-year correlation. Over the last 12 months VYM came out ahead by 12.4 percentage points (+8.7% against +21.1%). This link changes with the market regime, having swung between 0.34 and 0.86 on a rolling one-year basis. Note the risk asymmetry: AMP runs 2.0 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 VYM: side by side
| AMP (Ameriprise Financial) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +8.7% | +21.1% |
| 5-year return | +119.2% | +76.6% |
| Volatility (ann.) | 25.0% | 12.3% |
| Beta vs S&P 500 | 1.09 | 0.69 |
| Max drawdown (3Y) | -26.4% | -14.5% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Financials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | AMP | VYM |
|---|---|---|
| 2022 | +5.0% | -0.4% |
| 2023 | +24.0% | +6.6% |
| 2024 | +42.1% | +17.6% |
| 2025 | -6.7% | +15.4% |
| 2026 | +14.5% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.2% of VYM is AMP itself, so the fund partly moves with the stock by construction.
Are AMP and VYM good diversifiers for each other?
Only partially. A correlation of 0.68 means AMP and VYM 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 VYM?
The AMP/VYM correlation stands at 0.68 on a 3-year window (1 year: 0.34, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for AMP?
Only partially. A correlation of 0.68 means AMP and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-vym.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amp-vs-vym/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMP correlations · VYM correlations
