GXO vs VTV: Correlation
How closely do GXO Logistics, Inc. (GXO) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXO and VTV?
On 3 years of weekly data the GXO/VTV correlation comes out at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.56 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 249.2 %².
Among the 16 assets we track against GXO, VTV ranks #5 by 3-year correlation. The last year tells two different stories: VTV led by 35.8 percentage points, -10.1% for GXO against +25.7% for VTV. Risk is not evenly split, since GXO carries 3.2 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.
GXO vs VTV: side by side
| GXO (GXO Logistics, Inc.) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -10.1% | +25.7% |
| 5-year return | -43.5% | +79.1% |
| Volatility (ann.) | 37.5% | 11.9% |
| Beta vs S&P 500 | 1.06 | 0.65 |
| Max drawdown (3Y) | -51.6% | -14.5% |
| Market cap | $5.5B | – |
| P/E (trailing) | 42.5 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | 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 | GXO | VTV |
|---|---|---|
| 2022 | -53.0% | -2.1% |
| 2023 | +43.3% | +9.3% |
| 2024 | -28.9% | +16.0% |
| 2025 | +21.0% | +15.3% |
| 2026 | -8.9% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXO and VTV good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GXO and VTV?
The GXO/VTV correlation stands at 0.56 on a 3-year window (1 year: 0.45, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for GXO?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
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Related comparisons
Hubs: GXO correlations · VTV correlations
