KARO vs VTI: Correlation
Karooooo Ltd. (KARO) and Vanguard Total Stock Market ETF (VTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KARO and VTI?
On 3 years of weekly data the KARO/VTI correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.41). The 5-year figure is 0.41, and annualized covariance runs at 233.3 %².
Out of 10 assets tracked against KARO, VTI lands near the bottom at #6. On 12-month performance KARO holds a 12.3-point edge, +33.0% against +20.7%. Risk is not evenly split, since KARO carries 2.7 times the volatility of the other side.
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.
KARO vs VTI: side by side
| KARO (Karooooo Ltd.) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +33.0% | +20.7% |
| 5-year return | +131.7% | +74.8% |
| Volatility (ann.) | 39.0% | 14.6% |
| Beta vs S&P 500 | 1.10 | 1.01 |
| Max drawdown (3Y) | -32.3% | -19.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 33.69% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | KARO | VTI |
|---|---|---|
| 2022 | -41.5% | -19.5% |
| 2023 | +8.0% | +26.0% |
| 2024 | +91.5% | +23.8% |
| 2025 | +3.5% | +17.1% |
| 2026 | +50.9% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KARO and VTI good diversifiers for each other?
Reasonably. At 0.41, KARO and VTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KARO and VTI?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.23 over the last year and 0.41 over 5 years.
Is VTI a good diversifier for KARO?
Reasonably. At 0.41, KARO and VTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/karo-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/karo-vs-vti/)
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Related comparisons
Hubs: KARO correlations · VTI correlations
