FTV vs VIG: Correlation
How closely do Fortive (FTV) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and VIG?
Across a 3-year window, the weekly returns of FTV and VIG correlate at 0.63, strong. Lately the two have drifted apart, with the 1-year correlation at 0.52 versus 0.63 over 3 years. Stretching to 5 years gives 0.68, with an annualized covariance of 177.3 %².
Among the 36 assets we track against FTV, VIG ranks #13 by 3-year correlation. Over the last 12 months FTV came out ahead by 6.8 percentage points (+23.9% against +17.1%). Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.77. Risk is not evenly split, since FTV carries 2.0 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.
FTV vs VIG: side by side
| FTV (Fortive) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +23.9% | +17.1% |
| 5-year return | +9.6% | +64.0% |
| Volatility (ann.) | 23.8% | 11.9% |
| Beta vs S&P 500 | 0.92 | 0.74 |
| Max drawdown (3Y) | -28.0% | -15.0% |
| Market cap | $18.1B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 0.20% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | FTV | VIG |
|---|---|---|
| 2022 | -15.4% | -9.8% |
| 2023 | +15.1% | +14.5% |
| 2024 | +2.3% | +17.0% |
| 2025 | -1.9% | +14.2% |
| 2026 | +8.8% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and VIG good diversifiers for each other?
To a limited degree. At 0.63 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 FTV and VIG?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.52 over the last year and 0.68 over 5 years.
Is VIG a good diversifier for FTV?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 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/ftv-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftv-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTV correlations · VIG correlations
