NDSN vs VTV: Correlation
Nordson Corporation (NDSN) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDSN and VTV?
Across a 3-year window, the weekly returns of NDSN and VTV correlate at 0.73, strong. The past 12 months show a weaker link (0.59) than the 3-year average (0.73). Stretching to 5 years gives 0.69, with an annualized covariance of 216.0 %².
In NDSN's tracked universe of 39 assets, VTV sits right near the top at #2. The last year tells two different stories: NDSN led by 22.8 percentage points, +48.5% for NDSN against +25.7% for VTV. Stability stands out here, with the rolling one-year correlation confined to 0.60 through 0.84. One caveat on sizing: NDSN is 2.1 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.
NDSN vs VTV: side by side
| NDSN (Nordson Corporation) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +48.5% | +25.7% |
| 5-year return | +46.5% | +79.1% |
| Volatility (ann.) | 24.7% | 11.9% |
| Beta vs S&P 500 | 0.97 | 0.65 |
| Max drawdown (3Y) | -39.1% | -14.5% |
| Market cap | $18.4B | – |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 0.98% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | NDSN | VTV |
|---|---|---|
| 2022 | -5.9% | -2.1% |
| 2023 | +12.4% | +9.3% |
| 2024 | -20.1% | +16.0% |
| 2025 | +17.0% | +15.3% |
| 2026 | +38.4% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NDSN and VTV good diversifiers for each other?
To a limited degree. At 0.73 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 VTV?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.59 over the last year and 0.69 over 5 years.
Is VTV a good diversifier for NDSN?
To a limited degree. At 0.73 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 0.73 mean?
On the −1 to +1 scale, 0.73 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: NDSN correlations · VTV correlations
