PH vs VTV: Correlation
How closely do Parker Hannifin (PH) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PH and VTV?
Over the past 3 years, PH and VTV moved with a correlation of 0.69, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.53 versus 0.69 over 3 years. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 218.5 %².
Within PH's tracked universe of 57 assets, VTV comes in at #9 by 3-year correlation. On 12-month performance PH holds a 7.1-point edge, +32.8% against +25.7%. On a rolling one-year basis the correlation drifted between 0.54 and 0.86, a moderate band. One caveat on sizing: PH is 2.2 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.
PH vs VTV: side by side
| PH (Parker Hannifin) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +32.8% | +25.7% |
| 5-year return | +256.4% | +79.1% |
| Volatility (ann.) | 26.6% | 11.9% |
| Beta vs S&P 500 | 1.16 | 0.65 |
| Max drawdown (3Y) | -26.8% | -14.5% |
| Market cap | $127.5B | – |
| P/E (trailing) | 36.5 | – |
| Dividend yield | 0.71% | 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 | PH | VTV |
|---|---|---|
| 2022 | -6.9% | -2.1% |
| 2023 | +60.8% | +9.3% |
| 2024 | +39.6% | +16.0% |
| 2025 | +39.5% | +15.3% |
| 2026 | +15.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
PH represents 0.46% of VTV's portfolio, so part of any move in VTV is PH itself, and the correlation between them is partly mechanical.
Are PH and VTV good diversifiers for each other?
To a limited degree. At 0.69 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 PH and VTV?
The PH/VTV correlation stands at 0.69 on a 3-year window (1 year: 0.53, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for PH?
To a limited degree. At 0.69 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 0.69 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/ph-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ph-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PH correlations · VTV correlations
