PED vs VWO: Correlation
How closely do Pedevco Corp. (PED) and Vanguard FTSE Emerging Markets ETF (VWO) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PED and VWO?
Over the past 3 years, PED and VWO moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.17 over 3 years. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is -136.5 %².
Within PED's tracked universe of 22 assets, VWO comes in at #10 by 3-year correlation. Over the last 12 months VWO came out ahead by 8.5 percentage points (+13.1% against +21.6%). Note the risk asymmetry: PED runs 3.6 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.
PED vs VWO: side by side
| PED (Pedevco Corp.) | VWO (Vanguard FTSE Emerging Markets ETF) | |
|---|---|---|
| 1-year return | +13.1% | +21.6% |
| 5-year return | -39.7% | +38.2% |
| Volatility (ann.) | 54.0% | 15.2% |
| Beta vs S&P 500 | -0.28 | 0.75 |
| Max drawdown (3Y) | -58.3% | -17.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.36% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $162.0B |
| Sector / category | US Listed | ETF · International |
On the fund side, VWO sits in the Diversified Emerging Mkts category at Vanguard, with $162.0B under management, 4113 holdings, a 0.06% expense ratio, a 2.36% trailing dividend yield.
Year-by-year returns
| Year | PED | VWO |
|---|---|---|
| 2022 | +3.8% | -18.0% |
| 2023 | -30.0% | +9.3% |
| 2024 | +1.0% | +10.6% |
| 2025 | -28.0% | +25.6% |
| 2026 | +19.6% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PED and VWO good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PED and VWO?
The PED/VWO correlation stands at -0.17 on a 3-year window (1 year: -0.46, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is VWO a good diversifier for PED?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/ped-vs-vwo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ped-vs-vwo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PED correlations · VWO correlations
