AMZN vs VUG: Correlation
Amazon (AMZN) and Vanguard Growth ETF (VUG) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and VUG?
Over the past 3 years, AMZN and VUG moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 448.7 %².
Few assets follow AMZN as closely as VUG, which ranks #3 of 38 tracked partners. Twelve-month performance is nearly a tie, at +11.8% for AMZN and +16.2% for VUG. The link looks structural: the rolling one-year correlation barely moved, holding between 0.67 and 0.85. Note the risk asymmetry: AMZN runs 1.6 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.
AMZN vs VUG: side by side
| AMZN (Amazon) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | +11.8% | +16.2% |
| 5-year return | +49.8% | +78.4% |
| Volatility (ann.) | 31.0% | 19.4% |
| Beta vs S&P 500 | 1.48 | 1.28 |
| Max drawdown (3Y) | -30.9% | -22.8% |
| Market cap | $2,764.1B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | Consumer Discretionary | ETF · US Style |
VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Year-by-year returns
| Year | AMZN | VUG |
|---|---|---|
| 2022 | -49.6% | -33.2% |
| 2023 | +80.9% | +46.8% |
| 2024 | +44.4% | +32.7% |
| 2025 | +5.2% | +19.4% |
| 2026 | +11.0% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
AMZN represents 5.16% of VUG's portfolio, so part of any move in VUG is AMZN itself, and the correlation between them is partly mechanical.
Are AMZN and VUG good diversifiers for each other?
To a limited degree. At 0.75 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 AMZN and VUG?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.66 over the last year and 0.77 over 5 years.
Is VUG a good diversifier for AMZN?
To a limited degree. At 0.75 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 0.75 mean?
A reading of 0.75 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/amzn-vs-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amzn-vs-vug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMZN correlations · VUG correlations
