PNR vs VIG: Correlation
How closely do Pentair (PNR) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and VIG?
Across a 3-year window, the weekly returns of PNR and VIG correlate at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.58). Stretching to 5 years gives 0.65, with an annualized covariance of 193.6 %².
By 3-year correlation, VIG places #13 of the 38 assets tracked against PNR. Their recent paths diverged sharply: over the last 12 months VIG outperformed by 59.6 percentage points (-42.5% for PNR against +17.1% for VIG). This link changes with the market regime, having swung between 0.25 and 0.80 on a rolling one-year basis. One caveat on sizing: PNR is 2.4 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.
PNR vs VIG: side by side
| PNR (Pentair) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -42.5% | +17.1% |
| 5-year return | -14.1% | +64.0% |
| Volatility (ann.) | 28.2% | 11.9% |
| Beta vs S&P 500 | 1.07 | 0.74 |
| Max drawdown (3Y) | -45.0% | -15.0% |
| Market cap | $9.9B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | PNR | VIG |
|---|---|---|
| 2022 | -37.4% | -9.8% |
| 2023 | +64.2% | +14.5% |
| 2024 | +40.0% | +17.0% |
| 2025 | +4.5% | +14.2% |
| 2026 | -39.8% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and VIG good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PNR and VIG?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.27 over the last year and 0.65 over 5 years.
Is VIG a good diversifier for PNR?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/pnr-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pnr-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PNR correlations · VIG correlations
