HPQ vs VTI: Correlation
Measured on weekly returns over the past three years, HP Inc. (HPQ) and Vanguard Total Stock Market ETF (VTI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPQ and VTI?
On 3 years of weekly data the HPQ/VTI correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.50 over 3 years. The 5-year figure is 0.53, and annualized covariance runs at 248.5 %².
By 3-year correlation, VTI places #12 of the 28 assets tracked against HPQ. On 12-month performance VTI holds a 5.8-point edge, +14.9% against +20.7%. Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.71. Risk is not evenly split, since HPQ carries 2.3 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.
HPQ vs VTI: side by side
| HPQ (HP Inc.) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +14.9% | +20.7% |
| 5-year return | +19.9% | +74.8% |
| Volatility (ann.) | 34.2% | 14.6% |
| Beta vs S&P 500 | 1.15 | 1.01 |
| Max drawdown (3Y) | -51.2% | -19.3% |
| Market cap | $26.7B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 0.00% | 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 | HPQ | VTI |
|---|---|---|
| 2022 | -26.4% | -19.5% |
| 2023 | +16.1% | +26.0% |
| 2024 | +12.1% | +23.8% |
| 2025 | -28.7% | +17.1% |
| 2026 | +36.8% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPQ 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 HPQ and VTI?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.34 over the last year and 0.53 over 5 years.
Is VTI a good diversifier for HPQ?
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/hpq-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hpq-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HPQ correlations · VTI correlations
