ITT vs VYM: Correlation
ITT Inc. (ITT) and Vanguard High Dividend Yield ETF (VYM) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and VYM?
On 3 years of weekly data the ITT/VYM correlation comes out at 0.74, strong. The link has loosened recently: the 1-year correlation (0.63) runs below the 3-year figure (0.74). The 5-year figure is 0.75, and annualized covariance runs at 249.9 %².
By 3-year correlation, VYM places #5 of the 38 assets tracked against ITT. Neither side won the trailing year by much: +20.8% against +21.1%. Note the risk asymmetry: ITT runs 2.2 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.
ITT vs VYM: side by side
| ITT (ITT Inc.) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +20.8% | +21.1% |
| 5-year return | +124.4% | +76.6% |
| Volatility (ann.) | 27.4% | 12.3% |
| Beta vs S&P 500 | 1.33 | 0.69 |
| Max drawdown (3Y) | -29.1% | -14.5% |
| Market cap | – | – |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 0.70% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | ITT | VYM |
|---|---|---|
| 2022 | -19.5% | -0.4% |
| 2023 | +48.9% | +6.6% |
| 2024 | +20.9% | +17.6% |
| 2025 | +22.5% | +15.4% |
| 2026 | +20.3% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and VYM good diversifiers for each other?
Only partially. A correlation of 0.74 means ITT and VYM 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 ITT and VYM?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.63 over the last year and 0.75 over 5 years.
Is VYM a good diversifier for ITT?
Only partially. A correlation of 0.74 means ITT and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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: ITT correlations · VYM correlations
