GRAB vs VUG: Correlation
Grab Holdings Limited - Class A (GRAB) and Vanguard Growth ETF (VUG) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRAB and VUG?
On 3 years of weekly data the GRAB/VUG correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 406.9 %².
Few assets follow GRAB as closely as VUG, which ranks #2 of 17 tracked partners. The last year tells two different stories: VUG led by 43.7 percentage points, -27.5% for GRAB against +16.2% for VUG. One caveat on sizing: GRAB is 1.9 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.
GRAB vs VUG: side by side
| GRAB (Grab Holdings Limited - Class A) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | -27.5% | +16.2% |
| 5-year return | -65.8% | +78.4% |
| Volatility (ann.) | 37.6% | 19.4% |
| Beta vs S&P 500 | 1.41 | 1.28 |
| Max drawdown (3Y) | -49.3% | -22.8% |
| Market cap | $14.7B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.00% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | US Listed | 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 | GRAB | VUG |
|---|---|---|
| 2022 | -54.8% | -33.2% |
| 2023 | +4.7% | +46.8% |
| 2024 | +40.1% | +32.7% |
| 2025 | +5.7% | +19.4% |
| 2026 | -28.1% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRAB and VUG good diversifiers for each other?
Only partially. A correlation of 0.56 means GRAB and VUG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GRAB and VUG?
As of 2026-08-27, the correlation of weekly returns between GRAB and VUG is 0.56 over 3 years, 0.66 over 1 year and 0.39 over 5 years.
Is VUG a good diversifier for GRAB?
Only partially. A correlation of 0.56 means GRAB and VUG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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/grab-vs-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grab-vs-vug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRAB correlations · VUG correlations
