CSX vs VYM: Correlation
Measured on weekly returns over the past three years, CSX Corporation (CSX) and Vanguard High Dividend Yield ETF (VYM) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and VYM?
Across a 3-year window, the weekly returns of CSX and VYM correlate at 0.60, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.60 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 146.0 %².
By 3-year correlation, VYM places #8 of the 30 assets tracked against CSX. Their recent paths diverged sharply: over the last 12 months CSX outperformed by 39.5 percentage points (+60.6% for CSX against +21.1% for VYM). On a rolling one-year basis the correlation drifted between 0.45 and 0.77, a moderate band. Note the risk asymmetry: CSX runs 1.6 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.
CSX vs VYM: side by side
| CSX (CSX Corporation) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +60.6% | +21.1% |
| 5-year return | +66.2% | +76.6% |
| Volatility (ann.) | 19.7% | 12.3% |
| Beta vs S&P 500 | 0.62 | 0.69 |
| Max drawdown (3Y) | -29.4% | -14.5% |
| Market cap | $95.5B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 1.04% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | CSX | VYM |
|---|---|---|
| 2022 | -16.6% | -0.4% |
| 2023 | +13.5% | +6.6% |
| 2024 | -5.6% | +17.6% |
| 2025 | +14.1% | +15.4% |
| 2026 | +43.1% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSX and VYM good diversifiers for each other?
Only partially. A correlation of 0.60 means CSX and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CSX and VYM?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.48 over the last year and 0.61 over 5 years.
Is VYM a good diversifier for CSX?
Only partially. A correlation of 0.60 means CSX and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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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