JOF vs VT: Correlation
Measured on weekly returns over the past three years, Japan Smaller Capitalization Fund Inc (JOF) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOF and VT?
Across a 3-year window, the weekly returns of JOF and VT correlate at 0.70, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 180.1 %².
Within JOF's tracked universe of 15 assets, VT comes in at #5 by 3-year correlation. Over the last 12 months JOF came out ahead by 10.3 percentage points (+33.0% against +22.7%).
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.
JOF vs VT: side by side
| JOF (Japan Smaller Capitalization Fund Inc) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +33.0% | +22.7% |
| 5-year return | +81.0% | +67.7% |
| Volatility (ann.) | 18.6% | 13.9% |
| Beta vs S&P 500 | 0.74 | 0.92 |
| Max drawdown (3Y) | -17.2% | -16.5% |
| Market cap | – | – |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 5.67% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | 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 | JOF | VT |
|---|---|---|
| 2022 | -17.1% | -18.0% |
| 2023 | +21.4% | +22.0% |
| 2024 | +5.3% | +16.5% |
| 2025 | +52.1% | +22.4% |
| 2026 | +20.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOF and VT good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JOF and VT?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.74 over the last year and 0.65 over 5 years.
Is VT a good diversifier for JOF?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/jof-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jof-vs-vt/)
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Related comparisons
Hubs: JOF correlations · VT correlations
