PKG vs VYM: Correlation
Measured on weekly returns over the past three years, Packaging Corporation of America (PKG) and Vanguard High Dividend Yield ETF (VYM) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKG and VYM?
On 3 years of weekly data the PKG/VYM correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.54 over 3. The 5-year figure is 0.57, and annualized covariance runs at 156.9 %².
Among the 32 assets we track against PKG, VYM ranks #15 by 3-year correlation. Neither side won the trailing year by much: +18.5% against +21.1%. On a rolling one-year basis the correlation drifted between 0.39 and 0.69, a moderate band. Risk is not evenly split, since PKG carries 1.9 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.
PKG vs VYM: side by side
| PKG (Packaging Corporation of America) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +18.5% | +21.1% |
| 5-year return | +86.8% | +76.6% |
| Volatility (ann.) | 23.5% | 12.3% |
| Beta vs S&P 500 | 0.52 | 0.69 |
| Max drawdown (3Y) | -28.4% | -14.5% |
| Market cap | $21.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 2.13% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Materials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | PKG | VYM |
|---|---|---|
| 2022 | -2.6% | -0.4% |
| 2023 | +31.9% | +6.6% |
| 2024 | +41.7% | +17.6% |
| 2025 | -6.1% | +15.4% |
| 2026 | +19.6% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
PKG represents 0.09% of VYM's portfolio, so part of any move in VYM is PKG itself, and the correlation between them is partly mechanical.
Are PKG and VYM good diversifiers for each other?
Only partially. A correlation of 0.54 means PKG and VYM 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 PKG and VYM?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.47 over the last year and 0.57 over 5 years.
Is VYM a good diversifier for PKG?
Only partially. A correlation of 0.54 means PKG and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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.
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Related comparisons
Hubs: PKG correlations · VYM correlations
