LH vs VNQ: Correlation
Measured on weekly returns over the past three years, Labcorp (LH) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LH and VNQ?
Over the past 3 years, LH and VNQ moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 170.7 %².
By 3-year correlation, VNQ places #8 of the 34 assets tracked against LH. The trailing year gives LH the advantage: +21.8% versus +10.3%, a 11.5-point spread. On a rolling one-year basis the correlation drifted between 0.37 and 0.70, a moderate band.
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.
LH vs VNQ: side by side
| LH (Labcorp) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +21.8% | +10.3% |
| 5-year return | +36.0% | +9.5% |
| Volatility (ann.) | 21.4% | 16.6% |
| Beta vs S&P 500 | 0.33 | 0.59 |
| Max drawdown (3Y) | -17.4% | -17.5% |
| Market cap | $27.3B | – |
| P/E (trailing) | 27.8 | – |
| Dividend yield | 0.86% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | Health Care | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | LH | VNQ |
|---|---|---|
| 2022 | -24.4% | -26.3% |
| 2023 | +13.8% | +11.9% |
| 2024 | +2.2% | +4.8% |
| 2025 | +10.6% | +3.2% |
| 2026 | +34.8% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LH and VNQ good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LH and VNQ?
The LH/VNQ correlation stands at 0.48 on a 3-year window (1 year: 0.50, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for LH?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/lh-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lh-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LH correlations · VNQ correlations
