FDX vs VTV: Correlation
How closely do FedEx (FDX) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and VTV?
On 3 years of weekly data the FDX/VTV correlation comes out at 0.56, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.56 over 3 years. The 5-year figure is 0.51, and annualized covariance runs at 206.4 %².
Within FDX's tracked universe of 36 assets, VTV comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FDX ahead by 54.9 points (+80.6% versus +25.7%). The rolling one-year correlation moved between 0.29 and 0.78 over the past three years, a moderate range. One caveat on sizing: FDX is 2.6 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.
FDX vs VTV: side by side
| FDX (FedEx) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +80.6% | +25.7% |
| 5-year return | +71.0% | +79.1% |
| Volatility (ann.) | 30.7% | 11.9% |
| Beta vs S&P 500 | 0.89 | 0.65 |
| Max drawdown (3Y) | -35.9% | -14.5% |
| Market cap | $78.4B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 1.66% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | FDX | VTV |
|---|---|---|
| 2022 | -31.6% | -2.1% |
| 2023 | +49.1% | +9.3% |
| 2024 | +13.5% | +16.0% |
| 2025 | +5.1% | +15.3% |
| 2026 | +43.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds FDX at a 0.25% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are FDX and VTV good diversifiers for each other?
To a limited degree. At 0.56 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 FDX and VTV?
The FDX/VTV correlation stands at 0.56 on a 3-year window (1 year: 0.69, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for FDX?
To a limited degree. At 0.56 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 0.56 mean?
On the −1 to +1 scale, 0.56 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/fdx-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fdx-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FDX correlations · VTV correlations
