AOD vs VEA: Correlation
abrdn Total Dynamic Dividend Fund (AOD) and Vanguard FTSE Developed Markets ETF (VEA) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and VEA?
Over the past 3 years, AOD and VEA moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 190.6 %².
By 3-year correlation, VEA places #6 of the 26 assets tracked against AOD. Neither side won the trailing year by much: +31.8% against +28.5%.
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.
AOD vs VEA: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +31.8% | +28.5% |
| 5-year return | +70.1% | +63.5% |
| Volatility (ann.) | 15.4% | 15.1% |
| Beta vs S&P 500 | 0.81 | 0.79 |
| Max drawdown (3Y) | -16.7% | -13.5% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 5.46% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | AOD | VEA |
|---|---|---|
| 2022 | -17.1% | -15.3% |
| 2023 | +12.7% | +17.9% |
| 2024 | +16.1% | +3.1% |
| 2025 | +32.1% | +35.2% |
| 2026 | +18.1% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and VEA good diversifiers for each other?
No. With a correlation of 0.82, AOD and VEA move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AOD and VEA?
The AOD/VEA correlation stands at 0.82 on a 3-year window (1 year: 0.80, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for AOD?
No. With a correlation of 0.82, AOD and VEA move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aod-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aod-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOD correlations · VEA correlations
