CPAY vs VTV: Correlation
How closely do Corpay (CPAY) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPAY and VTV?
Across a 3-year window, the weekly returns of CPAY and VTV correlate at 0.67, strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.67). Stretching to 5 years gives 0.64, with an annualized covariance of 252.8 %².
VTV is one of the assets that tracks CPAY most closely: it ranks #3 out of the 32 assets we track against CPAY. Twelve-month performance is nearly a tie, at +24.1% for CPAY and +25.7% for VTV. Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.87. One caveat on sizing: CPAY is 2.7 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.
CPAY vs VTV: side by side
| CPAY (Corpay) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +24.1% | +25.7% |
| 5-year return | +55.2% | +79.1% |
| Volatility (ann.) | 31.7% | 11.9% |
| Beta vs S&P 500 | 1.22 | 0.65 |
| Max drawdown (3Y) | -34.5% | -14.5% |
| Market cap | $26.5B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | 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 | CPAY | VTV |
|---|---|---|
| 2022 | -17.9% | -2.1% |
| 2023 | +53.9% | +9.3% |
| 2024 | +19.7% | +16.0% |
| 2025 | -11.1% | +15.3% |
| 2026 | +34.1% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.09% of VTV is CPAY itself, so the fund partly moves with the stock by construction.
Are CPAY and VTV good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CPAY and VTV?
As of 2026-08-27, the correlation of weekly returns between CPAY and VTV is 0.67 over 3 years, 0.49 over 1 year and 0.64 over 5 years.
Is VTV a good diversifier for CPAY?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpay-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpay-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPAY correlations · VTV correlations
