MFG vs VEA: Correlation
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) and Vanguard FTSE Developed Markets ETF (VEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFG and VEA?
Over the past 3 years, MFG and VEA moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 295.8 %².
Among the 10 assets we track against MFG, VEA ranks #5 by 3-year correlation. The last year tells two different stories: MFG led by 30.6 percentage points, +59.1% for MFG against +28.5% for VEA. Note the risk asymmetry: MFG runs 2.2 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.
MFG vs VEA: side by side
| MFG (Mizuho Financial Group, Inc. Sponosred ADR (Japan)) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +59.1% | +28.5% |
| 5-year return | +297.9% | +63.5% |
| Volatility (ann.) | 33.9% | 15.1% |
| Beta vs S&P 500 | 1.03 | 0.79 |
| Max drawdown (3Y) | -28.3% | -13.5% |
| Market cap | $126.8B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 1387.56% | 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 | MFG | VEA |
|---|---|---|
| 2022 | +11.4% | -15.3% |
| 2023 | +21.1% | +17.9% |
| 2024 | +47.9% | +3.1% |
| 2025 | +52.5% | +35.2% |
| 2026 | +42.6% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFG and VEA good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MFG and VEA?
The MFG/VEA correlation stands at 0.58 on a 3-year window (1 year: 0.54, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for MFG?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/mfg-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mfg-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MFG correlations · VEA correlations
