HON vs VIG: Correlation
Measured on weekly returns over the past three years, Honeywell Technologies (HON) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HON and VIG?
Across a 3-year window, the weekly returns of HON and VIG correlate at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.55 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 150.7 %².
Within HON's tracked universe of 32 assets, VIG comes in at #7 by 3-year correlation. Over the last 12 months VIG came out ahead by 14.4 percentage points (+2.7% against +17.1%). On a rolling one-year basis the correlation drifted between 0.41 and 0.76, a moderate band. One caveat on sizing: HON 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.
HON vs VIG: side by side
| HON (Honeywell Technologies) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +2.7% | +17.1% |
| 5-year return | +6.6% | +64.0% |
| Volatility (ann.) | 23.2% | 11.9% |
| Beta vs S&P 500 | 0.74 | 0.74 |
| Max drawdown (3Y) | -22.1% | -15.0% |
| Market cap | $69.9B | – |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 4.26% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | HON | VIG |
|---|---|---|
| 2022 | +4.9% | -9.8% |
| 2023 | +0.0% | +14.5% |
| 2024 | +10.0% | +17.0% |
| 2025 | -6.4% | +14.2% |
| 2026 | +9.2% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VIG holds HON at a 0.33% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are HON and VIG good diversifiers for each other?
Only partially. A correlation of 0.55 means HON and VIG 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 HON and VIG?
As of 2026-08-27, the correlation of weekly returns between HON and VIG is 0.55 over 3 years, 0.42 over 1 year and 0.61 over 5 years.
Is VIG a good diversifier for HON?
Only partially. A correlation of 0.55 means HON and VIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hon-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hon-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HON correlations · VIG correlations
