MTD vs VIG: Correlation
Measured on weekly returns over the past three years, Mettler Toledo (MTD) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTD and VIG?
Across a 3-year window, the weekly returns of MTD and VIG correlate at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.56). Stretching to 5 years gives 0.67, with an annualized covariance of 210.9 %².
By 3-year correlation, VIG places #11 of the 38 assets tracked against MTD. The trailing year gives VIG the advantage: +9.5% versus +17.1%, a 7.6-point spread. On a rolling one-year basis the correlation drifted between 0.42 and 0.78, a moderate band. Risk is not evenly split, since MTD carries 2.6 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.
MTD vs VIG: side by side
| MTD (Mettler Toledo) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +9.5% | +17.1% |
| 5-year return | -11.4% | +64.0% |
| Volatility (ann.) | 31.4% | 11.9% |
| Beta vs S&P 500 | 1.00 | 0.74 |
| Max drawdown (3Y) | -36.6% | -15.0% |
| Market cap | $28.2B | – |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 0.00% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Health Care | 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 | MTD | VIG |
|---|---|---|
| 2022 | -14.8% | -9.8% |
| 2023 | -16.1% | +14.5% |
| 2024 | +0.9% | +17.0% |
| 2025 | +13.9% | +14.2% |
| 2026 | +0.9% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTD and VIG good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MTD and VIG?
As of 2026-08-27, the correlation of weekly returns between MTD and VIG is 0.56 over 3 years, 0.41 over 1 year and 0.67 over 5 years.
Is VIG a good diversifier for MTD?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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/mtd-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtd-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MTD correlations · VIG correlations
