NDAQ vs WVVI: Correlation
Nasdaq, Inc. (NDAQ) and Willamette Valley Vineyards, Inc. (WVVI) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDAQ and WVVI?
On 3 years of weekly data the NDAQ/WVVI correlation comes out at 0.27, weak. The link has tightened recently: the 1-year correlation (0.43) runs above the 3-year figure (0.27). The 5-year figure is 0.18, and annualized covariance runs at 265.5 %².
By 3-year correlation, WVVI places #25 of the 35 assets tracked against NDAQ. Their recent paths diverged sharply: over the last 12 months NDAQ outperformed by 54.7 percentage points (+6.1% for NDAQ against -48.6% for WVVI). Note the risk asymmetry: WVVI runs 1.8 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.
NDAQ vs WVVI: side by side
| NDAQ (Nasdaq, Inc.) | WVVI (Willamette Valley Vineyards, Inc.) | |
|---|---|---|
| 1-year return | +6.1% | -48.6% |
| 5-year return | +64.4% | -82.5% |
| Volatility (ann.) | 23.2% | 42.6% |
| Beta vs S&P 500 | 0.80 | 0.37 |
| Max drawdown (3Y) | -23.4% | -65.4% |
| Market cap | $55.5B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | NDAQ | WVVI |
|---|---|---|
| 2022 | -11.2% | -31.1% |
| 2023 | -3.7% | -10.2% |
| 2024 | +34.8% | -37.5% |
| 2025 | +27.2% | -9.0% |
| 2026 | +3.0% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NDAQ and WVVI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NDAQ and WVVI?
The NDAQ/WVVI correlation stands at 0.27 on a 3-year window (1 year: 0.43, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is WVVI a good diversifier for NDAQ?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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: NDAQ correlations · WVVI correlations
