NDSN vs VYM: Correlation
Measured on weekly returns over the past three years, Nordson Corporation (NDSN) and Vanguard High Dividend Yield ETF (VYM) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDSN and VYM?
On 3 years of weekly data the NDSN/VYM correlation comes out at 0.70, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.70). The 5-year figure is 0.67, and annualized covariance runs at 211.5 %².
Among the 39 assets we track against NDSN, VYM ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NDSN ahead by 27.4 points (+48.5% versus +21.1%). On a rolling one-year basis the correlation drifted between 0.57 and 0.82, a moderate band. Note the risk asymmetry: NDSN runs 2.0 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.
NDSN vs VYM: side by side
| NDSN (Nordson Corporation) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +48.5% | +21.1% |
| 5-year return | +46.5% | +76.6% |
| Volatility (ann.) | 24.7% | 12.3% |
| Beta vs S&P 500 | 0.97 | 0.69 |
| Max drawdown (3Y) | -39.1% | -14.5% |
| Market cap | $18.4B | – |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 0.98% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | 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 | NDSN | VYM |
|---|---|---|
| 2022 | -5.9% | -0.4% |
| 2023 | +12.4% | +6.6% |
| 2024 | -20.1% | +17.6% |
| 2025 | +17.0% | +15.4% |
| 2026 | +38.4% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NDSN and VYM good diversifiers for each other?
Only partially. A correlation of 0.70 means NDSN and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NDSN and VYM?
As of 2026-08-27, the correlation of weekly returns between NDSN and VYM is 0.70 over 3 years, 0.52 over 1 year and 0.67 over 5 years.
Is VYM a good diversifier for NDSN?
Only partially. A correlation of 0.70 means NDSN and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: NDSN correlations · VYM correlations
