DE vs VYM: Correlation
How closely do Deere & Company (DE) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and VYM?
Across a 3-year window, the weekly returns of DE and VYM correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.54 over 3 years. Stretching to 5 years gives 0.59, with an annualized covariance of 178.2 %².
By 3-year correlation, VYM places #12 of the 33 assets tracked against DE. Over the last 12 months DE came out ahead by 6.8 percentage points (+27.9% against +21.1%). The rolling one-year correlation moved between 0.32 and 0.70 over the past three years, a moderate range. Note the risk asymmetry: DE runs 2.2 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.
DE vs VYM: side by side
| DE (Deere & Company) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +27.9% | +21.1% |
| 5-year return | +74.5% | +76.6% |
| Volatility (ann.) | 26.7% | 12.3% |
| Beta vs S&P 500 | 0.65 | 0.69 |
| Max drawdown (3Y) | -19.9% | -14.5% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 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 | DE | VYM |
|---|---|---|
| 2022 | +26.6% | -0.4% |
| 2023 | -5.5% | +6.6% |
| 2024 | +7.6% | +17.6% |
| 2025 | +11.4% | +15.4% |
| 2026 | +34.5% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and VYM good diversifiers for each other?
Only partially. A correlation of 0.54 means DE 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 DE and VYM?
As of 2026-08-27, the correlation of weekly returns between DE and VYM is 0.54 over 3 years, 0.31 over 1 year and 0.59 over 5 years.
Is VYM a good diversifier for DE?
Only partially. A correlation of 0.54 means DE 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 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Hubs: DE correlations · VYM correlations
