KEP vs VEA: Correlation
How closely do Korea Electric Power Corporation (KEP) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEP and VEA?
On 3 years of weekly data the KEP/VEA correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.47 over 3. The 5-year figure is 0.45, and annualized covariance runs at 302.2 %².
Few assets follow KEP as closely as VEA, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months VEA outperformed by 39.4 percentage points (-10.9% for KEP against +28.5% for VEA). Risk is not evenly split, since KEP carries 2.8 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.
KEP vs VEA: side by side
| KEP (Korea Electric Power Corporation) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -10.9% | +28.5% |
| 5-year return | +18.4% | +63.5% |
| Volatility (ann.) | 43.0% | 15.1% |
| Beta vs S&P 500 | 0.89 | 0.79 |
| Max drawdown (3Y) | -51.9% | -13.5% |
| Market cap | $15.3B | – |
| P/E (trailing) | 2.8 | – |
| Dividend yield | 12598.04% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | KEP | VEA |
|---|---|---|
| 2022 | -5.5% | -15.3% |
| 2023 | -16.1% | +17.9% |
| 2024 | -4.0% | +3.1% |
| 2025 | +139.8% | +35.2% |
| 2026 | -27.7% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEP and VEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KEP and VEA?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.51 over the last year and 0.45 over 5 years.
Is VEA a good diversifier for KEP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/kep-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kep-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KEP correlations · VEA correlations
