EW vs VUG: Correlation
Measured on weekly returns over the past three years, Edwards Lifesciences (EW) and Vanguard Growth ETF (VUG) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EW and VUG?
Over the past 3 years, EW and VUG moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 234.7 %².
Within EW's tracked universe of 30 assets, VUG comes in at #15 by 3-year correlation. The trailing year gives VUG the advantage: +11.2% versus +16.2%, a 5.0-point spread. The relationship is regime-dependent: the rolling one-year correlation swung between 0.18 and 0.68 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: EW is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EW vs VUG: side by side
| EW (Edwards Lifesciences) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | +11.2% | +16.2% |
| 5-year return | -23.8% | +78.4% |
| Volatility (ann.) | 31.6% | 19.4% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -37.5% | -22.8% |
| Market cap | $51.8B | – |
| P/E (trailing) | 54.2 | – |
| Dividend yield | 0.00% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | Health Care | ETF · US Style |
VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Year-by-year returns
| Year | EW | VUG |
|---|---|---|
| 2022 | -42.4% | -33.2% |
| 2023 | +2.2% | +46.8% |
| 2024 | -2.9% | +32.7% |
| 2025 | +15.2% | +19.4% |
| 2026 | +5.5% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EW and VUG good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EW and VUG?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.31 over the last year and 0.51 over 5 years.
Is VUG a good diversifier for EW?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ew-vs-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ew-vs-vug/)
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Related comparisons
Hubs: EW correlations · VUG correlations
