MA vs VIG: Correlation
How closely do Mastercard (MA) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MA and VIG?
Over the past 3 years, MA and VIG moved with a correlation of 0.65, which is strong. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.65). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 148.8 %².
VIG is one of the assets that tracks MA most closely: it ranks #3 out of the 46 assets we track against MA. Correlation aside, the last 12 months split them widely, with VIG ahead by 16.3 points (+0.8% versus +17.1%). The rolling one-year correlation moved between 0.46 and 0.86 over the past three years, a moderate range. One caveat on sizing: MA is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MA vs VIG: side by side
| MA (Mastercard) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +0.8% | +17.1% |
| 5-year return | +72.6% | +64.0% |
| Volatility (ann.) | 19.3% | 11.9% |
| Beta vs S&P 500 | 0.77 | 0.74 |
| Max drawdown (3Y) | -20.9% | -15.0% |
| Market cap | $518.4B | – |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 0.56% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Financials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | MA | VIG |
|---|---|---|
| 2022 | -2.7% | -9.8% |
| 2023 | +23.4% | +14.5% |
| 2024 | +24.2% | +17.0% |
| 2025 | +9.0% | +14.2% |
| 2026 | +4.2% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
MA represents 2.01% of VIG's portfolio, so part of any move in VIG is MA itself, and the correlation between them is partly mechanical.
Are MA and VIG good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MA and VIG?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.43 over the last year and 0.68 over 5 years.
Is VIG a good diversifier for MA?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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
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Related comparisons
Hubs: MA correlations · VIG correlations
