MUFG vs VYM: Correlation
How closely do Mitsubishi UFJ Financial Group, Inc. (MUFG) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MUFG and VYM?
Across a 3-year window, the weekly returns of MUFG and VYM correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 209.9 %².
Within MUFG's tracked universe of 10 assets, VYM comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MUFG outperformed by 25.8 percentage points (+46.9% for MUFG against +21.1% for VYM). Risk is not evenly split, since MUFG carries 2.5 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.
MUFG vs VYM: side by side
| MUFG (Mitsubishi UFJ Financial Group, Inc.) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +46.9% | +21.1% |
| 5-year return | +338.5% | +76.6% |
| Volatility (ann.) | 30.7% | 12.3% |
| Beta vs S&P 500 | 0.98 | 0.69 |
| Max drawdown (3Y) | -26.6% | -14.5% |
| Market cap | $252.6B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 383.24% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | MUFG | VYM |
|---|---|---|
| 2022 | +22.2% | -0.4% |
| 2023 | +29.1% | +6.6% |
| 2024 | +40.1% | +17.6% |
| 2025 | +38.0% | +15.4% |
| 2026 | +41.5% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MUFG and VYM 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 MUFG and VYM?
As of 2026-08-27, the correlation of weekly returns between MUFG and VYM is 0.56 over 3 years, 0.58 over 1 year and 0.53 over 5 years.
Is VYM a good diversifier for MUFG?
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?
On the −1 to +1 scale, 0.56 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.
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Related comparisons
Hubs: MUFG correlations · VYM correlations
