CTAS vs VIG: Correlation
Cintas (CTAS) and Vanguard Dividend Appreciation ETF (VIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTAS and VIG?
Over the past 3 years, CTAS and VIG moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.55). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 150.4 %².
In CTAS's tracked universe of 38 assets, VIG sits right near the top at #3. Correlation aside, the last 12 months split them widely, with VIG ahead by 20.4 points (-3.3% versus +17.1%). This link changes with the market regime, having swung between 0.35 and 0.85 on a rolling one-year basis. Note the risk asymmetry: CTAS 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.
CTAS vs VIG: side by side
| CTAS (Cintas) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -3.3% | +17.1% |
| 5-year return | +117.4% | +64.0% |
| Volatility (ann.) | 23.2% | 11.9% |
| Beta vs S&P 500 | 0.71 | 0.74 |
| Max drawdown (3Y) | -27.7% | -15.0% |
| Market cap | $81.7B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.87% | 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 | CTAS | VIG |
|---|---|---|
| 2022 | +3.0% | -9.8% |
| 2023 | +34.8% | +14.5% |
| 2024 | +22.2% | +17.0% |
| 2025 | +3.8% | +14.2% |
| 2026 | +9.4% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.3% of VIG is CTAS itself, so the fund partly moves with the stock by construction.
Are CTAS and VIG good diversifiers for each other?
To a limited degree. At 0.55 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 CTAS and VIG?
As of 2026-08-27, the correlation of weekly returns between CTAS and VIG is 0.55 over 3 years, 0.36 over 1 year and 0.70 over 5 years.
Is VIG a good diversifier for CTAS?
To a limited degree. At 0.55 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 0.55 mean?
A reading of 0.55 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/ctas-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctas-vs-vig/)
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Related comparisons
Hubs: CTAS correlations · VIG correlations
