NDSN vs VIG: Correlation
How closely do Nordson Corporation (NDSN) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDSN and VIG?
Across a 3-year window, the weekly returns of NDSN and VIG correlate at 0.70, strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.70). Stretching to 5 years gives 0.73, with an annualized covariance of 205.2 %².
By 3-year correlation, VIG places #9 of the 39 assets tracked against NDSN. Their recent paths diverged sharply: over the last 12 months NDSN outperformed by 31.4 percentage points (+48.5% for NDSN against +17.1% for VIG). On a rolling one-year basis the correlation drifted between 0.56 and 0.81, a moderate band. Risk is not evenly split, since NDSN carries 2.1 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.
NDSN vs VIG: side by side
| NDSN (Nordson Corporation) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +48.5% | +17.1% |
| 5-year return | +46.5% | +64.0% |
| Volatility (ann.) | 24.7% | 11.9% |
| Beta vs S&P 500 | 0.97 | 0.74 |
| Max drawdown (3Y) | -39.1% | -15.0% |
| Market cap | $18.4B | – |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 0.98% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | 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 | NDSN | VIG |
|---|---|---|
| 2022 | -5.9% | -9.8% |
| 2023 | +12.4% | +14.5% |
| 2024 | -20.1% | +17.0% |
| 2025 | +17.0% | +14.2% |
| 2026 | +38.4% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.07% of VIG is NDSN itself, so the fund partly moves with the stock by construction.
Are NDSN and VIG good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NDSN and VIG?
The NDSN/VIG correlation stands at 0.70 on a 3-year window (1 year: 0.49, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is VIG a good diversifier for NDSN?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
A reading of 0.70 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/ndsn-vs-vig.json
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Related comparisons
Hubs: NDSN correlations · VIG correlations
