MSI vs VIG: Correlation
Motorola Solutions (MSI) and Vanguard Dividend Appreciation ETF (VIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSI and VIG?
Over the past 3 years, MSI and VIG moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 129.2 %².
In MSI's tracked universe of 32 assets, VIG sits right near the top at #3. Over the last 12 months VIG came out ahead by 11.2 percentage points (+5.9% against +17.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.73. One caveat on sizing: MSI is 1.9 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.
MSI vs VIG: side by side
| MSI (Motorola Solutions) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +5.9% | +17.1% |
| 5-year return | +111.1% | +64.0% |
| Volatility (ann.) | 22.1% | 11.9% |
| Beta vs S&P 500 | 0.61 | 0.74 |
| Max drawdown (3Y) | -27.0% | -15.0% |
| Market cap | $80.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.97% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Information Technology | 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 | MSI | VIG |
|---|---|---|
| 2022 | -3.8% | -9.8% |
| 2023 | +23.0% | +14.5% |
| 2024 | +49.1% | +17.0% |
| 2025 | -16.2% | +14.2% |
| 2026 | +27.6% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
MSI represents 0.31% of VIG's portfolio, so part of any move in VIG is MSI itself, and the correlation between them is partly mechanical.
Are MSI and VIG good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSI and VIG?
As of 2026-08-27, the correlation of weekly returns between MSI and VIG is 0.49 over 3 years, 0.26 over 1 year and 0.60 over 5 years.
Is VIG a good diversifier for MSI?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/msi-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/msi-vs-vig/)
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Related comparisons
Hubs: MSI correlations · VIG correlations
