MCO vs VIG: Correlation
Moody's Corporation (MCO) and Vanguard Dividend Appreciation ETF (VIG) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and VIG?
On 3 years of weekly data the MCO/VIG correlation comes out at 0.62, strong. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.62). The 5-year figure is 0.71, and annualized covariance runs at 188.3 %².
By 3-year correlation, VIG places #10 of the 53 assets tracked against MCO. The last year tells two different stories: VIG led by 16.4 percentage points, +0.7% for MCO against +17.1% for VIG. The relationship is regime-dependent: the rolling one-year correlation swung between 0.23 and 0.86 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since MCO carries 2.2 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.
MCO vs VIG: side by side
| MCO (Moody's Corporation) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +0.7% | +17.1% |
| 5-year return | +39.4% | +64.0% |
| Volatility (ann.) | 25.8% | 11.9% |
| Beta vs S&P 500 | 1.08 | 0.74 |
| Max drawdown (3Y) | -24.7% | -15.0% |
| Market cap | $88.2B | – |
| P/E (trailing) | 32.7 | – |
| Dividend yield | 0.77% | 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 | MCO | VIG |
|---|---|---|
| 2022 | -28.0% | -9.8% |
| 2023 | +41.5% | +14.5% |
| 2024 | +22.2% | +17.0% |
| 2025 | +8.7% | +14.2% |
| 2026 | +0.3% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.31% of VIG is MCO itself, so the fund partly moves with the stock by construction.
Are MCO and VIG good diversifiers for each other?
Only partially. A correlation of 0.62 means MCO and VIG 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 MCO and VIG?
The MCO/VIG correlation stands at 0.62 on a 3-year window (1 year: 0.21, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is VIG a good diversifier for MCO?
Only partially. A correlation of 0.62 means MCO and VIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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/mco-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mco-vs-vig/)
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Related comparisons
Hubs: MCO correlations · VIG correlations
