NVDA vs VOO: Correlation
How closely do Nvidia (NVDA) and Vanguard S&P 500 ETF (VOO) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVDA and VOO?
Over the past 3 years, NVDA and VOO moved with a correlation of 0.71, which is strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 452.9 %².
Among the 37 assets we track against NVDA, VOO ranks #12 by 3-year correlation. Over the last 12 months NVDA came out ahead by 5.1 percentage points (+25.7% against +20.6%). The rolling one-year correlation moved between 0.46 and 0.78 over the past three years, a moderate range. Risk is not evenly split, since NVDA carries 3.1 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.
NVDA vs VOO: side by side
| NVDA (Nvidia) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +25.7% | +20.6% |
| 5-year return | +908.3% | +83.0% |
| Volatility (ann.) | 44.5% | 14.4% |
| Beta vs S&P 500 | 2.18 | 0.99 |
| Max drawdown (3Y) | -36.9% | -18.7% |
| Market cap | $5,505.0B | – |
| P/E (trailing) | 32.2 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Information Technology | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | NVDA | VOO |
|---|---|---|
| 2022 | -50.3% | -18.2% |
| 2023 | +239.0% | +26.3% |
| 2024 | +171.2% | +25.0% |
| 2025 | +38.9% | +17.8% |
| 2026 | +22.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 7.56% of VOO is NVDA itself, so the fund partly moves with the stock by construction.
Are NVDA and VOO good diversifiers for each other?
Only partially. A correlation of 0.71 means NVDA and VOO 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 NVDA and VOO?
The NVDA/VOO correlation stands at 0.71 on a 3-year window (1 year: 0.62, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for NVDA?
Only partially. A correlation of 0.71 means NVDA and VOO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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: NVDA correlations · VOO correlations
