HURC vs VTV: Correlation
Measured on weekly returns over the past three years, Hurco Companies, Inc. (HURC) and Vanguard Value ETF (VTV) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURC and VTV?
Across a 3-year window, the weekly returns of HURC and VTV correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 206.7 %².
Few assets follow HURC as closely as VTV, which ranks #2 of 10 tracked partners. Neither side won the trailing year by much: +25.4% against +25.7%. Note the risk asymmetry: HURC runs 3.3 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.
HURC vs VTV: side by side
| HURC (Hurco Companies, Inc.) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +25.4% | +25.7% |
| 5-year return | -28.0% | +79.1% |
| Volatility (ann.) | 39.5% | 11.9% |
| Beta vs S&P 500 | 0.89 | 0.65 |
| Max drawdown (3Y) | -52.0% | -14.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | HURC | VTV |
|---|---|---|
| 2022 | -10.0% | -2.1% |
| 2023 | -15.2% | +9.3% |
| 2024 | -9.7% | +16.0% |
| 2025 | -19.9% | +15.3% |
| 2026 | +45.8% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURC and VTV good diversifiers for each other?
Reasonably. At 0.44, HURC and VTV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HURC and VTV?
The HURC/VTV correlation stands at 0.44 on a 3-year window (1 year: 0.44, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for HURC?
Reasonably. At 0.44, HURC and VTV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: HURC correlations · VTV correlations
