MG vs VTV: Correlation
Measured on weekly returns over the past three years, Mistras Group Inc (MG) and Vanguard Value ETF (VTV) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MG and VTV?
Over the past 3 years, MG and VTV moved with a correlation of 0.50, which is moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.50). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 236.0 %².
Within MG's tracked universe of 13 assets, VTV comes in at #5 by 3-year correlation. The last year tells two different stories: MG led by 74.0 percentage points, +99.7% for MG against +25.7% for VTV. One caveat on sizing: MG is 3.3 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.
MG vs VTV: side by side
| MG (Mistras Group Inc) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +99.7% | +25.7% |
| 5-year return | +87.3% | +79.1% |
| Volatility (ann.) | 39.7% | 11.9% |
| Beta vs S&P 500 | 0.84 | 0.65 |
| Max drawdown (3Y) | -40.8% | -14.5% |
| Market cap | $0.6B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | MG | VTV |
|---|---|---|
| 2022 | -33.6% | -2.1% |
| 2023 | +48.5% | +9.3% |
| 2024 | +23.8% | +16.0% |
| 2025 | +39.6% | +15.3% |
| 2026 | +52.2% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MG and VTV good diversifiers for each other?
Only partially. A correlation of 0.50 means MG and VTV 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 MG and VTV?
As of 2026-08-27, the correlation of weekly returns between MG and VTV is 0.50 over 3 years, 0.39 over 1 year and 0.33 over 5 years.
Is VTV a good diversifier for MG?
Only partially. A correlation of 0.50 means MG and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
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Related comparisons
Hubs: MG correlations · VTV correlations
