IR vs VTV: Correlation
Measured on weekly returns over the past three years, Ingersoll Rand (IR) and Vanguard Value ETF (VTV) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and VTV?
On 3 years of weekly data the IR/VTV correlation comes out at 0.69, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 246.1 %².
By 3-year correlation, VTV places #11 of the 61 assets tracked against IR. Correlation aside, the last 12 months split them widely, with VTV ahead by 27.7 points (-2.0% versus +25.7%). On a rolling one-year basis the correlation drifted between 0.52 and 0.82, a moderate band. Note the risk asymmetry: IR runs 2.5 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.
IR vs VTV: side by side
| IR (Ingersoll Rand) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -2.0% | +25.7% |
| 5-year return | +49.2% | +79.1% |
| Volatility (ann.) | 29.8% | 11.9% |
| Beta vs S&P 500 | 1.17 | 0.65 |
| Max drawdown (3Y) | -36.6% | -14.5% |
| Market cap | $30.6B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.15% | 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 | IR | VTV |
|---|---|---|
| 2022 | -15.4% | -2.1% |
| 2023 | +48.2% | +9.3% |
| 2024 | +17.1% | +16.0% |
| 2025 | -12.3% | +15.3% |
| 2026 | -0.2% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds IR at a 0.12% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are IR and VTV good diversifiers for each other?
Only partially. A correlation of 0.69 means IR 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 IR and VTV?
As of 2026-08-27, the correlation of weekly returns between IR and VTV is 0.69 over 3 years, 0.61 over 1 year and 0.66 over 5 years.
Is VTV a good diversifier for IR?
Only partially. A correlation of 0.69 means IR 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 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ir-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ir-vs-vtv/)
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Related comparisons
Hubs: IR correlations · VTV correlations
