MGLD vs VWO: Correlation
How closely do The Marygold Companies, Inc. (MGLD) and Vanguard FTSE Emerging Markets ETF (VWO) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGLD and VWO?
Across a 3-year window, the weekly returns of MGLD and VWO correlate at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -199.4 %².
By 3-year correlation, VWO places #10 of the 16 assets tracked against MGLD. Over the last 12 months VWO came out ahead by 12.9 percentage points (+8.7% against +21.6%). Note the risk asymmetry: MGLD runs 5.1 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.
MGLD vs VWO: side by side
| MGLD (The Marygold Companies, Inc.) | VWO (Vanguard FTSE Emerging Markets ETF) | |
|---|---|---|
| 1-year return | +8.7% | +21.6% |
| 5-year return | -70.5% | +38.2% |
| Volatility (ann.) | 77.2% | 15.2% |
| Beta vs S&P 500 | -0.28 | 0.75 |
| Max drawdown (3Y) | -66.8% | -17.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.36% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $162.0B |
| Sector / category | US Listed | ETF · International |
On the fund side, VWO sits in the Diversified Emerging Mkts category at Vanguard, with $162.0B under management, 4113 holdings, a 0.06% expense ratio, a 2.36% trailing dividend yield.
Year-by-year returns
| Year | MGLD | VWO |
|---|---|---|
| 2022 | – | -18.0% |
| 2023 | -29.3% | +9.3% |
| 2024 | +66.0% | +10.6% |
| 2025 | -49.8% | +25.6% |
| 2026 | +13.3% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGLD and VWO good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MGLD and VWO?
As of 2026-08-27, the correlation of weekly returns between MGLD and VWO is -0.17 over 3 years, -0.25 over 1 year and -0.03 over 5 years.
Is VWO a good diversifier for MGLD?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mgld-vs-vwo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgld-vs-vwo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGLD correlations · VWO correlations
