HWM vs VT: Correlation
Measured on weekly returns over the past three years, Howmet Aerospace (HWM) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWM and VT?
On 3 years of weekly data the HWM/VT correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 260.2 %².
By 3-year correlation, VT places #7 of the 35 assets tracked against HWM. Their recent paths diverged sharply: over the last 12 months HWM outperformed by 30.0 percentage points (+52.7% for HWM against +22.7% for VT). Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.76. Note the risk asymmetry: HWM runs 2.3 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.
HWM vs VT: side by side
| HWM (Howmet Aerospace) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +52.7% | +22.7% |
| 5-year return | +754.4% | +67.7% |
| Volatility (ann.) | 32.1% | 13.9% |
| Beta vs S&P 500 | 1.24 | 0.92 |
| Max drawdown (3Y) | -19.4% | -16.5% |
| Market cap | $106.7B | – |
| P/E (trailing) | 58.2 | – |
| Dividend yield | 0.18% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Industrials | 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 | HWM | VT |
|---|---|---|
| 2022 | +24.2% | -18.0% |
| 2023 | +37.8% | +22.0% |
| 2024 | +102.7% | +16.5% |
| 2025 | +88.0% | +22.4% |
| 2026 | +30.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
HWM represents 0.1% of VT's portfolio, so part of any move in VT is HWM itself, and the correlation between them is partly mechanical.
Are HWM and VT good diversifiers for each other?
Only partially. A correlation of 0.58 means HWM 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 HWM and VT?
The HWM/VT correlation stands at 0.58 on a 3-year window (1 year: 0.49, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for HWM?
Only partially. A correlation of 0.58 means HWM 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 0.58 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/hwm-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hwm-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HWM correlations · VT correlations
