PHG vs VEA: Correlation
Measured on weekly returns over the past three years, Koninklijke Philips N.V. NY Registry Shares (PHG) and Vanguard FTSE Developed Markets ETF (VEA) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHG and VEA?
Over the past 3 years, PHG and VEA moved with a correlation of 0.55, which is moderate. The link has tightened recently: the 1-year correlation (0.71) runs above the 3-year figure (0.55). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 277.6 %².
By 3-year correlation, VEA places #4 of the 14 assets tracked against PHG. Correlation aside, the last 12 months split them widely, with VEA ahead by 27.5 points (+1.0% versus +28.5%). Note the risk asymmetry: PHG runs 2.2 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.
PHG vs VEA: side by side
| PHG (Koninklijke Philips N.V. NY Registry Shares) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +1.0% | +28.5% |
| 5-year return | -32.8% | +63.5% |
| Volatility (ann.) | 33.4% | 15.1% |
| Beta vs S&P 500 | 0.92 | 0.79 |
| Max drawdown (3Y) | -33.8% | -13.5% |
| Market cap | $26.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 3.15% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | PHG | VEA |
|---|---|---|
| 2022 | -57.6% | -15.3% |
| 2023 | +55.6% | +17.9% |
| 2024 | +8.5% | +3.1% |
| 2025 | +11.2% | +35.2% |
| 2026 | +3.3% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHG and VEA good diversifiers for each other?
To a limited degree. At 0.55 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 PHG and VEA?
As of 2026-08-27, the correlation of weekly returns between PHG and VEA is 0.55 over 3 years, 0.71 over 1 year and 0.57 over 5 years.
Is VEA a good diversifier for PHG?
To a limited degree. At 0.55 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 0.55 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/phg-vs-vea.json
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[](https://www.pairbook.io/pair/phg-vs-vea/)
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Related comparisons
Hubs: PHG correlations · VEA correlations
