PPG vs VEA: Correlation
PPG Industries (PPG) and Vanguard FTSE Developed Markets ETF (VEA) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPG and VEA?
Across a 3-year window, the weekly returns of PPG and VEA correlate at 0.67, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.72, with an annualized covariance of 258.1 %².
By 3-year correlation, VEA places #16 of the 67 assets tracked against PPG. The last year tells two different stories: VEA led by 24.7 percentage points, +3.8% for PPG against +28.5% for VEA. Stability stands out here, with the rolling one-year correlation confined to 0.63 through 0.78. Risk is not evenly split, since PPG carries 1.7 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.
PPG vs VEA: side by side
| PPG (PPG Industries) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +3.8% | +28.5% |
| 5-year return | -22.0% | +63.5% |
| Volatility (ann.) | 25.5% | 15.1% |
| Beta vs S&P 500 | 0.90 | 0.79 |
| Max drawdown (3Y) | -37.4% | -13.5% |
| Market cap | $25.2B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.48% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | Materials | 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 | PPG | VEA |
|---|---|---|
| 2022 | -25.7% | -15.3% |
| 2023 | +21.2% | +17.9% |
| 2024 | -18.5% | +3.1% |
| 2025 | -12.0% | +35.2% |
| 2026 | +12.8% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPG and VEA good diversifiers for each other?
Only partially. A correlation of 0.67 means PPG and VEA 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 PPG and VEA?
As of 2026-08-27, the correlation of weekly returns between PPG and VEA is 0.67 over 3 years, 0.62 over 1 year and 0.72 over 5 years.
Is VEA a good diversifier for PPG?
Only partially. A correlation of 0.67 means PPG and VEA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/ppg-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppg-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPG correlations · VEA correlations
