LEVI vs VEA: Correlation
How closely do Levi Strauss & Co (LEVI) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEVI and VEA?
Over the past 3 years, LEVI and VEA moved with a correlation of 0.52, which is moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.52). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 276.7 %².
VEA is one of the assets that tracks LEVI most closely: it ranks #3 out of the 12 assets we track against LEVI. Correlation aside, the last 12 months split them widely, with VEA ahead by 31.0 points (-2.5% versus +28.5%). Note the risk asymmetry: LEVI runs 2.4 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.
LEVI vs VEA: side by side
| LEVI (Levi Strauss & Co) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -2.5% | +28.5% |
| 5-year return | -10.8% | +63.5% |
| Volatility (ann.) | 35.5% | 15.1% |
| Beta vs S&P 500 | 1.05 | 0.79 |
| Max drawdown (3Y) | -47.5% | -13.5% |
| Market cap | $8.1B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 2.61% | 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 | LEVI | VEA |
|---|---|---|
| 2022 | -36.5% | -15.3% |
| 2023 | +10.0% | +17.9% |
| 2024 | +7.5% | +3.1% |
| 2025 | +23.4% | +35.2% |
| 2026 | +3.5% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEVI and VEA good diversifiers for each other?
Only partially. A correlation of 0.52 means LEVI and VEA 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 LEVI and VEA?
The LEVI/VEA correlation stands at 0.52 on a 3-year window (1 year: 0.65, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for LEVI?
Only partially. A correlation of 0.52 means LEVI and VEA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/levi-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/levi-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEVI correlations · VEA correlations
