CHT vs VEA: Correlation
Measured on weekly returns over the past three years, Chunghwa Telecom Co., Ltd. (CHT) and Vanguard FTSE Developed Markets ETF (VEA) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHT and VEA?
Over the past 3 years, CHT and VEA moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 70.0 %².
By 3-year correlation, VEA places #4 of the 11 assets tracked against CHT. Correlation aside, the last 12 months split them widely, with VEA ahead by 26.9 points (+1.6% versus +28.5%).
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.
CHT vs VEA: side by side
| CHT (Chunghwa Telecom Co., Ltd.) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +1.6% | +28.5% |
| 5-year return | +29.5% | +63.5% |
| Volatility (ann.) | 11.9% | 15.1% |
| Beta vs S&P 500 | 0.20 | 0.79 |
| Max drawdown (3Y) | -11.0% | -13.5% |
| Market cap | $33.3B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 12.12% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | CHT | VEA |
|---|---|---|
| 2022 | -10.0% | -15.3% |
| 2023 | +11.1% | +17.9% |
| 2024 | +0.2% | +3.1% |
| 2025 | +14.9% | +35.2% |
| 2026 | +7.1% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHT and VEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHT and VEA?
The CHT/VEA correlation stands at 0.39 on a 3-year window (1 year: 0.31, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for CHT?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/cht-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cht-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHT correlations · VEA correlations
