BLK vs VIG: Correlation
Measured on weekly returns over the past three years, BlackRock (BLK) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLK and VIG?
Across a 3-year window, the weekly returns of BLK and VIG correlate at 0.69, strong. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.69 over 3 years. Stretching to 5 years gives 0.77, with an annualized covariance of 202.9 %².
By 3-year correlation, VIG places #11 of the 42 assets tracked against BLK. On 12-month performance VIG holds a 11.8-point edge, +5.3% against +17.1%. On a rolling one-year basis the correlation drifted between 0.42 and 0.86, a moderate band. One caveat on sizing: BLK is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BLK vs VIG: side by side
| BLK (BlackRock) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +5.3% | +17.1% |
| 5-year return | +38.9% | +64.0% |
| Volatility (ann.) | 24.7% | 11.9% |
| Beta vs S&P 500 | 1.19 | 0.74 |
| Max drawdown (3Y) | -23.7% | -15.0% |
| Market cap | $189.7B | – |
| P/E (trailing) | 28.1 | – |
| Dividend yield | 1.86% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Financials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | BLK | VIG |
|---|---|---|
| 2022 | -20.4% | -9.8% |
| 2023 | +17.9% | +14.5% |
| 2024 | +29.3% | +17.0% |
| 2025 | +6.6% | +14.2% |
| 2026 | +10.3% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
BLK represents 0.68% of VIG's portfolio, so part of any move in VIG is BLK itself, and the correlation between them is partly mechanical.
Are BLK and VIG good diversifiers for each other?
To a limited degree. At 0.69 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 BLK and VIG?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.41 over the last year and 0.77 over 5 years.
Is VIG a good diversifier for BLK?
To a limited degree. At 0.69 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 0.69 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/blk-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blk-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLK correlations · VIG correlations
