COOK vs VNO: Correlation
Measured on weekly returns over the past three years, Traeger, Inc. (COOK) and Vornado Realty Trust (VNO) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COOK and VNO?
Over the past 3 years, COOK and VNO moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1455.4 %².
By 3-year correlation, VNO places #5 of the 11 assets tracked against COOK. Correlation aside, the last 12 months split them widely, with VNO ahead by 16.7 points (-11.6% versus +5.1%). Note the risk asymmetry: COOK runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
COOK vs VNO: side by side
| COOK (Traeger, Inc.) | VNO (Vornado Realty Trust) | |
|---|---|---|
| 1-year return | -11.6% | +5.1% |
| 5-year return | -95.7% | +8.4% |
| Volatility (ann.) | 75.7% | 39.1% |
| Beta vs S&P 500 | 1.90 | 1.34 |
| Max drawdown (3Y) | -89.1% | -43.9% |
| Market cap | $0.2B | $7.7B |
| P/E (trailing) | – | 1290.7 |
| Dividend yield | 0.00% | 1.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COOK | VNO |
|---|---|---|
| 2022 | -76.8% | -46.7% |
| 2023 | -3.2% | +39.5% |
| 2024 | -12.5% | +51.3% |
| 2025 | -54.8% | -19.1% |
| 2026 | +3.2% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COOK and VNO good diversifiers for each other?
Reasonably. At 0.49, COOK and VNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COOK and VNO?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.49 over the last year and 0.38 over 5 years.
Is VNO a good diversifier for COOK?
Reasonably. At 0.49, COOK and VNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/cook-vs-vno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cook-vs-vno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COOK correlations · VNO correlations
