PPG vs VTV: Correlation
Measured on weekly returns over the past three years, PPG Industries (PPG) and Vanguard Value ETF (VTV) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPG and VTV?
On 3 years of weekly data the PPG/VTV correlation comes out at 0.67, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 203.9 %².
Within PPG's tracked universe of 67 assets, VTV comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VTV ahead by 21.9 points (+3.8% versus +25.7%). The rolling one-year correlation stayed in a tight band between 0.62 and 0.79 over the past three years, which points to a structural rather than episodic relationship. Note the risk asymmetry: PPG runs 2.1 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.
PPG vs VTV: side by side
| PPG (PPG Industries) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +3.8% | +25.7% |
| 5-year return | -22.0% | +79.1% |
| Volatility (ann.) | 25.5% | 11.9% |
| Beta vs S&P 500 | 0.90 | 0.65 |
| Max drawdown (3Y) | -37.4% | -14.5% |
| Market cap | $25.2B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.48% | 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 | PPG | VTV |
|---|---|---|
| 2022 | -25.7% | -2.1% |
| 2023 | +21.2% | +9.3% |
| 2024 | -18.5% | +16.0% |
| 2025 | -12.0% | +15.3% |
| 2026 | +12.8% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
PPG represents 0.09% of VTV's portfolio, so part of any move in VTV is PPG itself, and the correlation between them is partly mechanical.
Are PPG and VTV good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PPG and VTV?
The PPG/VTV correlation stands at 0.67 on a 3-year window (1 year: 0.70, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for PPG?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
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
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Related comparisons
Hubs: PPG correlations · VTV correlations
