PKG vs VTV: Correlation
How closely do Packaging Corporation of America (PKG) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKG and VTV?
On 3 years of weekly data the PKG/VTV correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 159.8 %².
Within PKG's tracked universe of 32 assets, VTV comes in at #7 by 3-year correlation. On 12-month performance VTV holds a 7.2-point edge, +18.5% against +25.7%. The rolling one-year correlation moved between 0.38 and 0.69 over the past three years, a moderate range. Note the risk asymmetry: PKG runs 2.0 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.
PKG vs VTV: side by side
| PKG (Packaging Corporation of America) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +18.5% | +25.7% |
| 5-year return | +86.8% | +79.1% |
| Volatility (ann.) | 23.5% | 11.9% |
| Beta vs S&P 500 | 0.52 | 0.65 |
| Max drawdown (3Y) | -28.4% | -14.5% |
| Market cap | $21.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 2.13% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Materials | 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 | PKG | VTV |
|---|---|---|
| 2022 | -2.6% | -2.1% |
| 2023 | +31.9% | +9.3% |
| 2024 | +41.7% | +16.0% |
| 2025 | -6.1% | +15.3% |
| 2026 | +19.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
PKG represents 0.08% of VTV's portfolio, so part of any move in VTV is PKG itself, and the correlation between them is partly mechanical.
Are PKG and VTV good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PKG and VTV?
As of 2026-08-27, the correlation of weekly returns between PKG and VTV is 0.57 over 3 years, 0.57 over 1 year and 0.58 over 5 years.
Is VTV a good diversifier for PKG?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pkg-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pkg-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PKG correlations · VTV correlations
