GWW vs VTV: Correlation
Measured on weekly returns over the past three years, W. W. Grainger (GWW) and Vanguard Value ETF (VTV) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWW and VTV?
On 3 years of weekly data the GWW/VTV correlation comes out at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.54 over 3 years. The 5-year figure is 0.56, and annualized covariance runs at 148.4 %².
By 3-year correlation, VTV places #13 of the 29 assets tracked against GWW. On 12-month performance GWW holds a 5.3-point edge, +31.0% against +25.7%. Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.74. Risk is not evenly split, since GWW 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.
GWW vs VTV: side by side
| GWW (W. W. Grainger) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +31.0% | +25.7% |
| 5-year return | +219.4% | +79.1% |
| Volatility (ann.) | 23.3% | 11.9% |
| Beta vs S&P 500 | 0.74 | 0.65 |
| Max drawdown (3Y) | -24.5% | -14.5% |
| Market cap | $62.2B | – |
| P/E (trailing) | 34.0 | – |
| Dividend yield | 0.69% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | 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 | GWW | VTV |
|---|---|---|
| 2022 | +8.7% | -2.1% |
| 2023 | +50.5% | +9.3% |
| 2024 | +28.2% | +16.0% |
| 2025 | -3.4% | +15.3% |
| 2026 | +31.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWW and VTV good diversifiers for each other?
To a limited degree. At 0.54 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 GWW and VTV?
The GWW/VTV correlation stands at 0.54 on a 3-year window (1 year: 0.31, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for GWW?
To a limited degree. At 0.54 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 0.54 mean?
A reading of 0.54 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: GWW correlations · VTV correlations
