GRMN vs VT: Correlation
How closely do Garmin (GRMN) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRMN and VT?
On 3 years of weekly data the GRMN/VT correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.48 over 3. The 5-year figure is 0.54, and annualized covariance runs at 232.6 %².
By 3-year correlation, VT places #16 of the 36 assets tracked against GRMN. Their 12-month results are close: +25.1% for GRMN against +22.7% for VT. The relationship is regime-dependent: the rolling one-year correlation swung between 0.20 and 0.72 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: GRMN runs 2.5 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.
GRMN vs VT: side by side
| GRMN (Garmin) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +25.1% | +22.7% |
| 5-year return | +80.9% | +67.7% |
| Volatility (ann.) | 34.7% | 13.9% |
| Beta vs S&P 500 | 1.06 | 0.92 |
| Max drawdown (3Y) | -28.0% | -16.5% |
| Market cap | $55.9B | – |
| P/E (trailing) | 29.9 | – |
| Dividend yield | 1.45% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Consumer Discretionary | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | GRMN | VT |
|---|---|---|
| 2022 | -30.2% | -18.0% |
| 2023 | +43.1% | +22.0% |
| 2024 | +63.3% | +16.5% |
| 2025 | -0.1% | +22.4% |
| 2026 | +44.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRMN and VT good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GRMN and VT?
As of 2026-08-27, the correlation of weekly returns between GRMN and VT is 0.48 over 3 years, 0.38 over 1 year and 0.54 over 5 years.
Is VT a good diversifier for GRMN?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: GRMN correlations · VT correlations
