COIN vs VOO: Correlation
Measured on weekly returns over the past three years, Coinbase (COIN) and Vanguard S&P 500 ETF (VOO) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and VOO?
Over the past 3 years, COIN and VOO moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 554.4 %².
Among the 34 assets we track against COIN, VOO ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VOO outperformed by 58.9 percentage points (-38.3% for COIN against +20.6% for VOO). On a rolling one-year basis the correlation drifted between 0.33 and 0.60, a moderate band. Risk is not evenly split, since COIN carries 5.6 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.
COIN vs VOO: side by side
| COIN (Coinbase) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -38.3% | +20.6% |
| 5-year return | -27.4% | +83.0% |
| Volatility (ann.) | 80.0% | 14.4% |
| Beta vs S&P 500 | 2.66 | 0.99 |
| Max drawdown (3Y) | -66.4% | -18.7% |
| Market cap | $50.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Financials | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | COIN | VOO |
|---|---|---|
| 2022 | -86.0% | -18.2% |
| 2023 | +391.4% | +26.3% |
| 2024 | +42.8% | +25.0% |
| 2025 | -8.9% | +17.8% |
| 2026 | -15.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.05% of VOO is COIN itself, so the fund partly moves with the stock by construction.
Are COIN and VOO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COIN and VOO?
As of 2026-08-27, the correlation of weekly returns between COIN and VOO is 0.48 over 3 years, 0.46 over 1 year and 0.52 over 5 years.
Is VOO a good diversifier for COIN?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: COIN correlations · VOO correlations
