BLX vs VTV: Correlation
Bladex, Inc. (BLX) and Vanguard Value ETF (VTV) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLX and VTV?
Over the past 3 years, BLX and VTV moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.49). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 149.9 %².
Within BLX's tracked universe of 10 assets, VTV comes in at #4 by 3-year correlation. Neither side won the trailing year by much: +24.5% against +25.7%. Note the risk asymmetry: BLX runs 2.1 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.
BLX vs VTV: side by side
| BLX (Bladex, Inc.) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +24.5% | +25.7% |
| 5-year return | +326.0% | +79.1% |
| Volatility (ann.) | 25.5% | 11.9% |
| Beta vs S&P 500 | 0.59 | 0.65 |
| Max drawdown (3Y) | -21.0% | -14.5% |
| Market cap | – | – |
| P/E (trailing) | 9.0 | – |
| Dividend yield | 4.93% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | BLX | VTV |
|---|---|---|
| 2022 | +4.3% | -2.1% |
| 2023 | +60.6% | +9.3% |
| 2024 | +53.7% | +16.0% |
| 2025 | +29.4% | +15.3% |
| 2026 | +27.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLX and VTV good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLX and VTV?
As of 2026-08-27, the correlation of weekly returns between BLX and VTV is 0.49 over 3 years, 0.38 over 1 year and 0.51 over 5 years.
Is VTV a good diversifier for BLX?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/blx-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blx-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLX correlations · VTV correlations
