CPRT vs VOO: Correlation
Copart (CPRT) and Vanguard S&P 500 ETF (VOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and VOO?
Across a 3-year window, the weekly returns of CPRT and VOO correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.48 over 3 years. Stretching to 5 years gives 0.59, with an annualized covariance of 179.8 %².
Among the 35 assets we track against CPRT, VOO ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VOO outperformed by 53.2 percentage points (-32.6% for CPRT against +20.6% for VOO). On a rolling one-year basis the correlation drifted between 0.28 and 0.73, a moderate band. One caveat on sizing: CPRT is 1.8 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 VOO: side by side
| CPRT (Copart) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -32.6% | +20.6% |
| 5-year return | -9.3% | +83.0% |
| Volatility (ann.) | 26.0% | 14.4% |
| Beta vs S&P 500 | 0.86 | 0.99 |
| Max drawdown (3Y) | -57.4% | -18.7% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Industrials | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | CPRT | VOO |
|---|---|---|
| 2022 | -19.7% | -18.2% |
| 2023 | +60.9% | +26.3% |
| 2024 | +17.1% | +25.0% |
| 2025 | -31.8% | +17.8% |
| 2026 | -16.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and VOO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPRT and VOO?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.21 over the last year and 0.59 over 5 years.
Is VOO a good diversifier for CPRT?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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 · VOO correlations
