DIS vs VOO: Correlation
How closely do Walt Disney Company (The) (DIS) and Vanguard S&P 500 ETF (VOO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and VOO?
Across a 3-year window, the weekly returns of DIS and VOO correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.50). Stretching to 5 years gives 0.60, with an annualized covariance of 199.7 %².
Within DIS's tracked universe of 37 assets, VOO comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VOO outperformed by 28.8 percentage points (-8.2% for DIS against +20.6% for VOO). The relationship is regime-dependent: the rolling one-year correlation swung between 0.13 and 0.67 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: DIS 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.
DIS vs VOO: side by side
| DIS (Walt Disney Company (The)) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -8.2% | +20.6% |
| 5-year return | -38.8% | +83.0% |
| Volatility (ann.) | 27.7% | 14.4% |
| Beta vs S&P 500 | 0.96 | 0.99 |
| Max drawdown (3Y) | -32.9% | -18.7% |
| Market cap | $184.4B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.37% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Communication Services | 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 | DIS | VOO |
|---|---|---|
| 2022 | -43.9% | -18.2% |
| 2023 | +4.3% | +26.3% |
| 2024 | +24.4% | +25.0% |
| 2025 | +3.3% | +17.8% |
| 2026 | -5.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
DIS represents 0.26% of VOO's portfolio, so part of any move in VOO is DIS itself, and the correlation between them is partly mechanical.
Are DIS and VOO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DIS and VOO?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.61 over the last year and 0.60 over 5 years.
Is VOO a good diversifier for DIS?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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: DIS correlations · VOO correlations
