APO vs VTI: Correlation
Measured on weekly returns over the past three years, Apollo Global Management (APO) and Vanguard Total Stock Market ETF (VTI) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APO and VTI?
Across a 3-year window, the weekly returns of APO and VTI correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.64 over 3 years. Stretching to 5 years gives 0.65, with an annualized covariance of 345.4 %².
Among the 33 assets we track against APO, VTI ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VTI ahead by 20.8 points (-0.1% versus +20.7%). This link changes with the market regime, having swung between 0.33 and 0.87 on a rolling one-year basis. Risk is not evenly split, since APO carries 2.5 times the volatility of the other side.
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.
APO vs VTI: side by side
| APO (Apollo Global Management) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | -0.1% | +20.7% |
| 5-year return | +149.7% | +74.8% |
| Volatility (ann.) | 36.8% | 14.6% |
| Beta vs S&P 500 | 1.62 | 1.01 |
| Max drawdown (3Y) | -42.8% | -19.3% |
| Market cap | $78.8B | – |
| P/E (trailing) | 47.5 | – |
| Dividend yield | 1.60% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | Financials | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | APO | VTI |
|---|---|---|
| 2022 | -9.6% | -19.5% |
| 2023 | +49.4% | +26.0% |
| 2024 | +79.9% | +23.8% |
| 2025 | -11.1% | +17.1% |
| 2026 | -6.7% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
APO represents 0.07% of VTI's portfolio, so part of any move in VTI is APO itself, and the correlation between them is partly mechanical.
Are APO and VTI good diversifiers for each other?
To a limited degree. At 0.64 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 APO and VTI?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.35 over the last year and 0.65 over 5 years.
Is VTI a good diversifier for APO?
To a limited degree. At 0.64 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 0.64 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
$ curl https://www.pairbook.io/api/v1/pairs/apo-vs-vti.json
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[](https://www.pairbook.io/pair/apo-vs-vti/)
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Related comparisons
Hubs: APO correlations · VTI correlations
