COO vs VIG: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and VIG?
On 3 years of weekly data the COO/VIG correlation comes out at 0.53, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.53). The 5-year figure is 0.61, and annualized covariance runs at 173.0 %².
Among the 38 assets we track against COO, VIG ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VIG ahead by 21.4 points (-4.3% versus +17.1%). Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.75. One caveat on sizing: COO is 2.3 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.
COO vs VIG: side by side
| COO (Cooper Companies (The)) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -4.3% | +17.1% |
| 5-year return | -36.8% | +64.0% |
| Volatility (ann.) | 27.7% | 11.9% |
| Beta vs S&P 500 | 0.69 | 0.74 |
| Max drawdown (3Y) | -47.0% | -15.0% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Health Care | 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 | COO | VIG |
|---|---|---|
| 2022 | -21.1% | -9.8% |
| 2023 | +14.5% | +14.5% |
| 2024 | -2.8% | +17.0% |
| 2025 | -10.8% | +14.2% |
| 2026 | -13.4% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and VIG good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COO and VIG?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.37 over the last year and 0.61 over 5 years.
Is VIG a good diversifier for COO?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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: COO correlations · VIG correlations
