COO vs VNQ: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and VNQ?
Over the past 3 years, COO and VNQ moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.52 over 3 years. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 237.1 %².
By 3-year correlation, VNQ places #14 of the 38 assets tracked against COO. On 12-month performance VNQ holds a 14.6-point edge, -4.3% against +10.3%. On a rolling one-year basis the correlation drifted between 0.28 and 0.71, a moderate band. Risk is not evenly split, since COO carries 1.7 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.
COO vs VNQ: side by side
| COO (Cooper Companies (The)) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | -4.3% | +10.3% |
| 5-year return | -36.8% | +9.5% |
| Volatility (ann.) | 27.7% | 16.6% |
| Beta vs S&P 500 | 0.69 | 0.59 |
| Max drawdown (3Y) | -47.0% | -17.5% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | Health Care | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | COO | VNQ |
|---|---|---|
| 2022 | -21.1% | -26.3% |
| 2023 | +14.5% | +11.9% |
| 2024 | -2.8% | +4.8% |
| 2025 | -10.8% | +3.2% |
| 2026 | -13.4% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and VNQ good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COO and VNQ?
As of 2026-08-27, the correlation of weekly returns between COO and VNQ is 0.52 over 3 years, 0.42 over 1 year and 0.59 over 5 years.
Is VNQ a good diversifier for COO?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/coo-vs-vnq.json
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Related comparisons
Hubs: COO correlations · VNQ correlations
