CI vs VTV: Correlation
How closely do Cigna (CI) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CI and VTV?
Over the past 3 years, CI and VTV moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 125.8 %².
Within CI's tracked universe of 30 assets, VTV comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTV outperformed by 31.1 percentage points (-5.4% for CI against +25.7% for VTV). Across three years, the rolling one-year figure varied moderately, from 0.16 to 0.57. One caveat on sizing: CI is 2.2 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.
CI vs VTV: side by side
| CI (Cigna) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -5.4% | +25.7% |
| 5-year return | +46.7% | +79.1% |
| Volatility (ann.) | 26.7% | 11.9% |
| Beta vs S&P 500 | 0.22 | 0.65 |
| Max drawdown (3Y) | -32.1% | -14.5% |
| Market cap | $73.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.19% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Health Care | 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 | CI | VTV |
|---|---|---|
| 2022 | +46.7% | -2.1% |
| 2023 | -8.0% | +9.3% |
| 2024 | -6.3% | +16.0% |
| 2025 | +1.7% | +15.3% |
| 2026 | +2.0% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds CI at a 0.27% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are CI and VTV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CI and VTV?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.45 over the last year and 0.43 over 5 years.
Is VTV a good diversifier for CI?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/ci-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ci-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CI correlations · VTV correlations
