HPE vs VTI: Correlation
Hewlett Packard Enterprise (HPE) and Vanguard Total Stock Market ETF (VTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPE and VTI?
On 3 years of weekly data the HPE/VTI correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.50 over 3 years. The 5-year figure is 0.51, and annualized covariance runs at 317.9 %².
Within HPE's tracked universe of 28 assets, VTI comes in at #11 by 3-year correlation. The last year tells two different stories: HPE led by 123.7 percentage points, +144.4% for HPE against +20.7% for VTI. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.72. Note the risk asymmetry: HPE runs 3.0 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.
HPE vs VTI: side by side
| HPE (Hewlett Packard Enterprise) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +144.4% | +20.7% |
| 5-year return | +309.3% | +74.8% |
| Volatility (ann.) | 43.8% | 14.6% |
| Beta vs S&P 500 | 1.47 | 1.01 |
| Max drawdown (3Y) | -48.4% | -19.3% |
| Market cap | $72.0B | – |
| P/E (trailing) | 51.3 | – |
| Dividend yield | 0.99% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | Information Technology | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | HPE | VTI |
|---|---|---|
| 2022 | +4.5% | -19.5% |
| 2023 | +9.7% | +26.0% |
| 2024 | +29.1% | +23.8% |
| 2025 | +15.5% | +17.1% |
| 2026 | +128.6% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTI holds HPE at a 0.09% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are HPE and VTI good diversifiers for each other?
To a limited degree. At 0.50 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 HPE and VTI?
As of 2026-08-27, the correlation of weekly returns between HPE and VTI is 0.50 over 3 years, 0.27 over 1 year and 0.51 over 5 years.
Is VTI a good diversifier for HPE?
To a limited degree. At 0.50 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 0.50 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/hpe-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hpe-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HPE correlations · VTI correlations
