IDE vs VEA: Correlation
How closely do Voya Infrastructure, Industrials and Materials Fund (IDE) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDE and VEA?
Over the past 3 years, IDE and VEA moved with a correlation of 0.73, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.73 over 3. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 180.3 %².
Few assets follow IDE as closely as VEA, which ranks #2 of 13 tracked partners. On 12-month performance VEA holds a 11.5-point edge, +17.0% against +28.5%.
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.
IDE vs VEA: side by side
| IDE (Voya Infrastructure, Industrials and Materials Fund) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +17.0% | +28.5% |
| 5-year return | +66.9% | +63.5% |
| Volatility (ann.) | 16.3% | 15.1% |
| Beta vs S&P 500 | 0.73 | 0.79 |
| Max drawdown (3Y) | -18.3% | -13.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | IDE | VEA |
|---|---|---|
| 2022 | -16.5% | -15.3% |
| 2023 | +22.0% | +17.9% |
| 2024 | +10.9% | +3.1% |
| 2025 | +34.6% | +35.2% |
| 2026 | +13.2% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDE and VEA good diversifiers for each other?
Only partially. A correlation of 0.73 means IDE and VEA 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 IDE and VEA?
The IDE/VEA correlation stands at 0.73 on a 3-year window (1 year: 0.73, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for IDE?
Only partially. A correlation of 0.73 means IDE and VEA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ide-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ide-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDE correlations · VEA correlations
