CPRT vs VIG: Correlation
Measured on weekly returns over the past three years, Copart (CPRT) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and VIG?
Across a 3-year window, the weekly returns of CPRT and VIG correlate at 0.51, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.51). Stretching to 5 years gives 0.60, with an annualized covariance of 157.1 %².
Among the 35 assets we track against CPRT, VIG ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VIG ahead by 49.7 points (-32.6% versus +17.1%). On a rolling one-year basis the correlation drifted between 0.39 and 0.69, a moderate band. One caveat on sizing: CPRT is 2.2 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.
CPRT vs VIG: side by side
| CPRT (Copart) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -32.6% | +17.1% |
| 5-year return | -9.3% | +64.0% |
| Volatility (ann.) | 26.0% | 11.9% |
| Beta vs S&P 500 | 0.86 | 0.74 |
| Max drawdown (3Y) | -57.4% | -15.0% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | 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 | CPRT | VIG |
|---|---|---|
| 2022 | -19.7% | -9.8% |
| 2023 | +60.9% | +14.5% |
| 2024 | +17.1% | +17.0% |
| 2025 | -31.8% | +14.2% |
| 2026 | -16.3% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and VIG good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPRT and VIG?
As of 2026-08-27, the correlation of weekly returns between CPRT and VIG is 0.51 over 3 years, 0.31 over 1 year and 0.60 over 5 years.
Is VIG a good diversifier for CPRT?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
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Related comparisons
Hubs: CPRT correlations · VIG correlations
