NUE vs VTV: Correlation
How closely do Nucor (NUE) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUE and VTV?
Across a 3-year window, the weekly returns of NUE and VTV correlate at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.57). Stretching to 5 years gives 0.58, with an annualized covariance of 226.5 %².
By 3-year correlation, VTV places #12 of the 34 assets tracked against NUE. The last year tells two different stories: NUE led by 44.4 percentage points, +70.1% for NUE against +25.7% for VTV. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.78. One caveat on sizing: NUE is 2.8 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.
NUE vs VTV: side by side
| NUE (Nucor) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +70.1% | +25.7% |
| 5-year return | +124.6% | +79.1% |
| Volatility (ann.) | 33.3% | 11.9% |
| Beta vs S&P 500 | 1.08 | 0.65 |
| Max drawdown (3Y) | -47.8% | -14.5% |
| Market cap | $57.3B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 0.88% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Materials | 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 | NUE | VTV |
|---|---|---|
| 2022 | +17.4% | -2.1% |
| 2023 | +33.8% | +9.3% |
| 2024 | -32.0% | +16.0% |
| 2025 | +42.0% | +15.3% |
| 2026 | +55.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.22% of VTV is NUE itself, so the fund partly moves with the stock by construction.
Are NUE and VTV good diversifiers for each other?
Only partially. A correlation of 0.57 means NUE and VTV 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 NUE and VTV?
The NUE/VTV correlation stands at 0.57 on a 3-year window (1 year: 0.37, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for NUE?
Only partially. A correlation of 0.57 means NUE and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nue-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nue-vs-vtv/)
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Related comparisons
Hubs: NUE correlations · VTV correlations
