CEE vs VT: Correlation
The Central and Eastern Europe Fund, Inc. (The) (CEE) and Vanguard Total World Stock ETF (VT) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEE and VT?
Across a 3-year window, the weekly returns of CEE and VT correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 234.6 %².
By 3-year correlation, VT places #4 of the 12 assets tracked against CEE. Their 12-month results are close: +20.8% for CEE against +22.7% for VT. Note the risk asymmetry: CEE runs 2.2 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.
CEE vs VT: side by side
| CEE (The Central and Eastern Europe Fund, Inc. (The)) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +20.8% | +22.7% |
| 5-year return | -16.3% | +67.7% |
| Volatility (ann.) | 30.5% | 13.9% |
| Beta vs S&P 500 | 1.06 | 0.92 |
| Max drawdown (3Y) | -22.2% | -16.5% |
| Market cap | – | – |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 1.92% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | 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 | CEE | VT |
|---|---|---|
| 2022 | -67.8% | -18.0% |
| 2023 | +22.6% | +22.0% |
| 2024 | +15.5% | +16.5% |
| 2025 | +65.6% | +22.4% |
| 2026 | +12.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEE and VT good diversifiers for each other?
To a limited degree. At 0.56 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 CEE and VT?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.63 over the last year and 0.37 over 5 years.
Is VT a good diversifier for CEE?
To a limited degree. At 0.56 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 0.56 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/cee-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cee-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CEE correlations · VT correlations
