FTV vs VYM: Correlation
How closely do Fortive (FTV) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and VYM?
Over the past 3 years, FTV and VYM moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 180.6 %².
By 3-year correlation, VYM places #15 of the 36 assets tracked against FTV. Their 12-month results are close: +23.9% for FTV against +21.1% for VYM. On a rolling one-year basis the correlation drifted between 0.43 and 0.79, a moderate band. Note the risk asymmetry: FTV 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.
FTV vs VYM: side by side
| FTV (Fortive) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +23.9% | +21.1% |
| 5-year return | +9.6% | +76.6% |
| Volatility (ann.) | 23.8% | 12.3% |
| Beta vs S&P 500 | 0.92 | 0.69 |
| Max drawdown (3Y) | -28.0% | -14.5% |
| Market cap | $18.1B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 0.20% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | FTV | VYM |
|---|---|---|
| 2022 | -15.4% | -0.4% |
| 2023 | +15.1% | +6.6% |
| 2024 | +2.3% | +17.6% |
| 2025 | -1.9% | +15.4% |
| 2026 | +8.8% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and VYM good diversifiers for each other?
To a limited degree. At 0.62 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 VYM?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.50 over the last year and 0.64 over 5 years.
Is VYM a good diversifier for FTV?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FTV correlations · VYM correlations
