CDW vs VIG: Correlation
Measured on weekly returns over the past three years, CDW Corporation (CDW) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and VIG?
Over the past 3 years, CDW and VIG moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 191.6 %².
Within CDW's tracked universe of 40 assets, VIG comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VIG ahead by 25.1 points (-8.0% versus +17.1%). Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.65. Risk is not evenly split, since CDW carries 2.9 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.
CDW vs VIG: side by side
| CDW (CDW Corporation) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -8.0% | +17.1% |
| 5-year return | -20.5% | +64.0% |
| Volatility (ann.) | 34.2% | 11.9% |
| Beta vs S&P 500 | 1.01 | 0.74 |
| Max drawdown (3Y) | -60.4% | -15.0% |
| Market cap | $18.6B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 1.78% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Information Technology | 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 | CDW | VIG |
|---|---|---|
| 2022 | -11.7% | -9.8% |
| 2023 | +28.8% | +14.5% |
| 2024 | -22.6% | +17.0% |
| 2025 | -20.6% | +14.2% |
| 2026 | +11.1% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.08% of VIG is CDW itself, so the fund partly moves with the stock by construction.
Are CDW and VIG good diversifiers for each other?
Reasonably. At 0.47, CDW and VIG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDW and VIG?
The CDW/VIG correlation stands at 0.47 on a 3-year window (1 year: 0.33, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is VIG a good diversifier for CDW?
Reasonably. At 0.47, CDW and VIG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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
$ curl https://www.pairbook.io/api/v1/pairs/cdw-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdw-vs-vig/)
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Related comparisons
Hubs: CDW correlations · VIG correlations
