HII vs VYM: Correlation
How closely do Huntington Ingalls Industries (HII) and Vanguard High Dividend Yield ETF (VYM) 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 HII and VYM?
Over the past 3 years, HII and VYM moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.40 over 3 years. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 175.0 %².
Within HII's tracked universe of 28 assets, VYM comes in at #15 by 3-year correlation. Over the last 12 months VYM came out ahead by 11.7 percentage points (+9.4% against +21.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.19 to 0.73. Note the risk asymmetry: HII runs 2.9 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.
HII vs VYM: side by side
| HII (Huntington Ingalls Industries) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +9.4% | +21.1% |
| 5-year return | +59.2% | +76.6% |
| Volatility (ann.) | 35.3% | 12.3% |
| Beta vs S&P 500 | 0.84 | 0.69 |
| Max drawdown (3Y) | -45.2% | -14.5% |
| Market cap | $11.7B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.85% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | HII | VYM |
|---|---|---|
| 2022 | +26.3% | -0.4% |
| 2023 | +15.2% | +6.6% |
| 2024 | -25.7% | +17.6% |
| 2025 | +84.2% | +15.4% |
| 2026 | -11.9% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VYM holds HII at a 0.05% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are HII and VYM good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HII and VYM?
As of 2026-08-27, the correlation of weekly returns between HII and VYM is 0.40 over 3 years, 0.24 over 1 year and 0.43 over 5 years.
Is VYM a good diversifier for HII?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: HII correlations · VYM correlations
