CARR vs VT: Correlation
Carrier Global (CARR) and Vanguard Total World Stock ETF (VT) 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 CARR and VT?
Across a 3-year window, the weekly returns of CARR and VT correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.57 over 3 years. Stretching to 5 years gives 0.63, with an annualized covariance of 257.8 %².
Among the 29 assets we track against CARR, VT ranks #15 by 3-year correlation. The last year tells two different stories: VT led by 34.3 percentage points, -11.6% for CARR against +22.7% for VT. The rolling one-year correlation moved between 0.34 and 0.75 over the past three years, a moderate range. One caveat on sizing: CARR is 2.3 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.
CARR vs VT: side by side
| CARR (Carrier Global) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | -11.6% | +22.7% |
| 5-year return | +8.8% | +67.7% |
| Volatility (ann.) | 32.6% | 13.9% |
| Beta vs S&P 500 | 1.21 | 0.92 |
| Max drawdown (3Y) | -38.1% | -16.5% |
| Market cap | $48.5B | – |
| P/E (trailing) | 42.0 | – |
| Dividend yield | 1.61% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Industrials | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | CARR | VT |
|---|---|---|
| 2022 | -22.7% | -18.0% |
| 2023 | +41.5% | +22.0% |
| 2024 | +20.3% | +16.5% |
| 2025 | -21.8% | +22.4% |
| 2026 | +12.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARR and VT good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CARR and VT?
The CARR/VT correlation stands at 0.57 on a 3-year window (1 year: 0.35, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for CARR?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
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Related comparisons
Hubs: CARR correlations · VT correlations
