PUK vs VEA: Correlation
How closely do Prudential Public Limited Company (PUK) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUK and VEA?
On 3 years of weekly data the PUK/VEA correlation comes out at 0.61, strong. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.61). The 5-year figure is 0.66, and annualized covariance runs at 257.4 %².
By 3-year correlation, VEA places #5 of the 15 assets tracked against PUK. The last year tells two different stories: VEA led by 19.3 percentage points, +9.2% for PUK against +28.5% for VEA. Risk is not evenly split, since PUK 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.
PUK vs VEA: side by side
| PUK (Prudential Public Limited Company) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +9.2% | +28.5% |
| 5-year return | -26.0% | +63.5% |
| Volatility (ann.) | 28.0% | 15.1% |
| Beta vs S&P 500 | 0.87 | 0.79 |
| Max drawdown (3Y) | -41.8% | -13.5% |
| Market cap | $34.4B | – |
| P/E (trailing) | 9.9 | – |
| Dividend yield | 0.00% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | 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 | PUK | VEA |
|---|---|---|
| 2022 | -19.1% | -15.3% |
| 2023 | -17.0% | +17.9% |
| 2024 | -27.3% | +3.1% |
| 2025 | +99.3% | +35.2% |
| 2026 | -9.7% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUK and VEA good diversifiers for each other?
Only partially. A correlation of 0.61 means PUK 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 PUK and VEA?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.40 over the last year and 0.66 over 5 years.
Is VEA a good diversifier for PUK?
Only partially. A correlation of 0.61 means PUK 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 0.61 mean?
On the −1 to +1 scale, 0.61 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/puk-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/puk-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PUK correlations · VEA correlations
