RACE vs VEA: Correlation
Ferrari N.V. (RACE) and Vanguard FTSE Developed Markets ETF (VEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RACE and VEA?
On 3 years of weekly data the RACE/VEA correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 254.5 %².
Among the 13 assets we track against RACE, VEA ranks #5 by 3-year correlation. The last year tells two different stories: VEA led by 39.3 percentage points, -10.8% for RACE against +28.5% for VEA. Note the risk asymmetry: RACE runs 2.2 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.
RACE vs VEA: side by side
| RACE (Ferrari N.V.) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -10.8% | +28.5% |
| 5-year return | +98.0% | +63.5% |
| Volatility (ann.) | 32.9% | 15.1% |
| Beta vs S&P 500 | 0.99 | 0.79 |
| Max drawdown (3Y) | -39.2% | -13.5% |
| Market cap | $72.8B | – |
| P/E (trailing) | 38.2 | – |
| Dividend yield | 0.88% | 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 | RACE | VEA |
|---|---|---|
| 2022 | -16.7% | -15.3% |
| 2023 | +59.1% | +17.9% |
| 2024 | +26.3% | +3.1% |
| 2025 | -12.3% | +35.2% |
| 2026 | +13.3% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.14% of VEA is RACE itself, so the fund partly moves with the stock by construction.
Are RACE and VEA good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RACE and VEA?
The RACE/VEA correlation stands at 0.51 on a 3-year window (1 year: 0.55, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for RACE?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/race-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/race-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RACE correlations · VEA correlations
