IEX vs VTV: Correlation
How closely do IDEX Corporation (IEX) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IEX and VTV?
On 3 years of weekly data the IEX/VTV correlation comes out at 0.68, strong. The link has loosened recently: the 1-year correlation (0.58) runs below the 3-year figure (0.68). The 5-year figure is 0.66, and annualized covariance runs at 188.6 %².
Among the 40 assets we track against IEX, VTV ranks #7 by 3-year correlation. The last year tells two different stories: IEX led by 17.3 percentage points, +43.0% for IEX against +25.7% for VTV. The link looks structural: the rolling one-year correlation barely moved, holding between 0.55 and 0.76. Note the risk asymmetry: IEX runs 2.0 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.
IEX vs VTV: side by side
| IEX (IDEX Corporation) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +43.0% | +25.7% |
| 5-year return | +10.5% | +79.1% |
| Volatility (ann.) | 23.3% | 11.9% |
| Beta vs S&P 500 | 0.89 | 0.65 |
| Max drawdown (3Y) | -34.6% | -14.5% |
| Market cap | $17.2B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 1.23% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | 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 | IEX | VTV |
|---|---|---|
| 2022 | -2.2% | -2.1% |
| 2023 | -3.8% | +9.3% |
| 2024 | -2.4% | +16.0% |
| 2025 | -13.7% | +15.3% |
| 2026 | +32.9% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IEX and VTV good diversifiers for each other?
Only partially. A correlation of 0.68 means IEX and VTV 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 IEX and VTV?
As of 2026-08-27, the correlation of weekly returns between IEX and VTV is 0.68 over 3 years, 0.58 over 1 year and 0.66 over 5 years.
Is VTV a good diversifier for IEX?
Only partially. A correlation of 0.68 means IEX and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/iex-vs-vtv.json
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[](https://www.pairbook.io/pair/iex-vs-vtv/)
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Related comparisons
Hubs: IEX correlations · VTV correlations
