ERIE vs VIP: Correlation
Erie Indemnity (ERIE) and Vulcan Infrastructure and Power Inc. (VIP) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and VIP?
Across a 3-year window, the weekly returns of ERIE and VIP correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.06, with an annualized covariance of -733.4 %².
VIP is close to the least connected end of ERIE's tracked universe, ranking #32 of 33. The last year tells two different stories: VIP led by 61.1 percentage points, -24.5% for ERIE against +36.6% for VIP. Risk is not evenly split, since VIP carries 3.7 times the volatility of the other side.
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.
ERIE vs VIP: side by side
| ERIE (Erie Indemnity) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | -24.5% | +36.6% |
| 5-year return | +61.3% | -99.9% |
| Volatility (ann.) | 30.3% | 110.7% |
| Beta vs S&P 500 | 0.37 | 1.74 |
| Max drawdown (3Y) | -60.9% | -92.8% |
| Market cap | $13.6B | – |
| P/E (trailing) | 23.4 | 14.9 |
| Dividend yield | 2.24% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ERIE | VIP |
|---|---|---|
| 2022 | +32.0% | -98.2% |
| 2023 | +37.3% | +131.4% |
| 2024 | +24.7% | -76.9% |
| 2025 | -29.4% | -4.5% |
| 2026 | -8.0% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and VIP good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ERIE and VIP?
The ERIE/VIP correlation stands at -0.22 on a 3-year window (1 year: -0.03, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is VIP a good diversifier for ERIE?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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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Related comparisons
Hubs: ERIE correlations · VIP correlations
