BCH vs VEA: Correlation
Banco De Chile (BCH) and Vanguard FTSE Developed Markets ETF (VEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCH and VEA?
Over the past 3 years, BCH and VEA moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 211.6 %².
Among the 15 assets we track against BCH, VEA ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BCH outperformed by 26.9 percentage points (+55.4% for BCH against +28.5% for VEA). Note the risk asymmetry: BCH 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.
BCH vs VEA: side by side
| BCH (Banco De Chile) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +55.4% | +28.5% |
| 5-year return | +219.8% | +63.5% |
| Volatility (ann.) | 24.6% | 15.1% |
| Beta vs S&P 500 | 0.63 | 0.79 |
| Max drawdown (3Y) | -20.0% | -13.5% |
| Market cap | $21.0B | – |
| P/E (trailing) | 15.8 | – |
| Dividend yield | 0.00% | 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 | BCH | VEA |
|---|---|---|
| 2022 | +41.2% | -15.3% |
| 2023 | +23.4% | +17.9% |
| 2024 | +6.1% | +3.1% |
| 2025 | +81.2% | +35.2% |
| 2026 | +16.1% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCH and VEA good diversifiers for each other?
To a limited degree. At 0.57 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 BCH and VEA?
As of 2026-08-27, the correlation of weekly returns between BCH and VEA is 0.57 over 3 years, 0.53 over 1 year and 0.37 over 5 years.
Is VEA a good diversifier for BCH?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 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
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Related comparisons
Hubs: BCH correlations · VEA correlations
