GL vs VTV: Correlation
How closely do Globe Life (GL) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and VTV?
Across a 3-year window, the weekly returns of GL and VTV correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 169.4 %².
Within GL's tracked universe of 30 assets, VTV comes in at #16 by 3-year correlation. Neither side won the trailing year by much: +26.1% against +25.7%. Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.69. Note the risk asymmetry: GL runs 3.0 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.
GL vs VTV: side by side
| GL (Globe Life) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +26.1% | +25.7% |
| 5-year return | +91.0% | +79.1% |
| Volatility (ann.) | 35.7% | 11.9% |
| Beta vs S&P 500 | 0.60 | 0.65 |
| Max drawdown (3Y) | -61.6% | -14.5% |
| Market cap | $13.5B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.68% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | 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 | GL | VTV |
|---|---|---|
| 2022 | +29.7% | -2.1% |
| 2023 | +1.8% | +9.3% |
| 2024 | -7.5% | +16.0% |
| 2025 | +26.5% | +15.3% |
| 2026 | +26.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and VTV good diversifiers for each other?
Reasonably. At 0.40, GL and VTV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GL and VTV?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.37 over the last year and 0.44 over 5 years.
Is VTV a good diversifier for GL?
Reasonably. At 0.40, GL and VTV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/gl-vs-vtv.json
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Related comparisons
Hubs: GL correlations · VTV correlations
