PHG vs VWO: Correlation
Koninklijke Philips N.V. NY Registry Shares (PHG) and Vanguard FTSE Emerging Markets ETF (VWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHG and VWO?
On 3 years of weekly data the PHG/VWO correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 265.5 %².
By 3-year correlation, VWO places #5 of the 14 assets tracked against PHG. The last year tells two different stories: VWO led by 20.6 percentage points, +1.0% for PHG against +21.6% for VWO. Risk is not evenly split, since PHG carries 2.2 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.
PHG vs VWO: side by side
| PHG (Koninklijke Philips N.V. NY Registry Shares) | VWO (Vanguard FTSE Emerging Markets ETF) | |
|---|---|---|
| 1-year return | +1.0% | +21.6% |
| 5-year return | -32.8% | +38.2% |
| Volatility (ann.) | 33.4% | 15.2% |
| Beta vs S&P 500 | 0.92 | 0.75 |
| Max drawdown (3Y) | -33.8% | -17.4% |
| Market cap | $26.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 3.15% | 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 | PHG | VWO |
|---|---|---|
| 2022 | -57.6% | -18.0% |
| 2023 | +55.6% | +9.3% |
| 2024 | +8.5% | +10.6% |
| 2025 | +11.2% | +25.6% |
| 2026 | +3.3% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHG and VWO good diversifiers for each other?
Only partially. A correlation of 0.52 means PHG and VWO 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 PHG and VWO?
As of 2026-08-27, the correlation of weekly returns between PHG and VWO is 0.52 over 3 years, 0.60 over 1 year and 0.46 over 5 years.
Is VWO a good diversifier for PHG?
Only partially. A correlation of 0.52 means PHG and VWO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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-vwo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phg-vs-vwo/)
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Related comparisons
Hubs: PHG correlations · VWO correlations
