HPQ vs VT: Correlation
How closely do HP Inc. (HPQ) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPQ and VT?
On 3 years of weekly data the HPQ/VT correlation comes out at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.50). The 5-year figure is 0.51, and annualized covariance runs at 237.8 %².
Among the 28 assets we track against HPQ, VT ranks #11 by 3-year correlation. The trailing year gives VT the advantage: +14.9% versus +22.7%, a 7.8-point spread. On a rolling one-year basis the correlation drifted between 0.31 and 0.72, a moderate band. One caveat on sizing: HPQ is 2.5 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.
HPQ vs VT: side by side
| HPQ (HP Inc.) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +14.9% | +22.7% |
| 5-year return | +19.9% | +67.7% |
| Volatility (ann.) | 34.2% | 13.9% |
| Beta vs S&P 500 | 1.15 | 0.92 |
| Max drawdown (3Y) | -51.2% | -16.5% |
| Market cap | $26.7B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Information Technology | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | HPQ | VT |
|---|---|---|
| 2022 | -26.4% | -18.0% |
| 2023 | +16.1% | +22.0% |
| 2024 | +12.1% | +16.5% |
| 2025 | -28.7% | +22.4% |
| 2026 | +36.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPQ and VT good diversifiers for each other?
Only partially. A correlation of 0.50 means HPQ and VT 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 HPQ and VT?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.31 over the last year and 0.51 over 5 years.
Is VT a good diversifier for HPQ?
Only partially. A correlation of 0.50 means HPQ and VT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: HPQ correlations · VT correlations
