BALL vs VNQ: Correlation
Ball Corporation (BALL) and Vanguard Real Estate ETF (VNQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and VNQ?
Across a 3-year window, the weekly returns of BALL and VNQ correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.59, with an annualized covariance of 235.1 %².
Within BALL's tracked universe of 41 assets, VNQ comes in at #15 by 3-year correlation. On 12-month performance BALL holds a 12.6-point edge, +22.9% against +10.3%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.45 and 0.66. Risk is not evenly split, since BALL carries 1.6 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.
BALL vs VNQ: side by side
| BALL (Ball Corporation) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +22.9% | +10.3% |
| 5-year return | -29.3% | +9.5% |
| Volatility (ann.) | 26.9% | 16.6% |
| Beta vs S&P 500 | 0.43 | 0.59 |
| Max drawdown (3Y) | -35.6% | -17.5% |
| Market cap | $16.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.25% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | Materials | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | BALL | VNQ |
|---|---|---|
| 2022 | -46.2% | -26.3% |
| 2023 | +14.1% | +11.9% |
| 2024 | -3.0% | +4.8% |
| 2025 | -2.4% | +3.2% |
| 2026 | +20.4% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and VNQ good diversifiers for each other?
To a limited degree. At 0.53 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 BALL and VNQ?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.55 over the last year and 0.59 over 5 years.
Is VNQ a good diversifier for BALL?
To a limited degree. At 0.53 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 0.53 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/ball-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BALL correlations · VNQ correlations
