RAIL vs VTV: Correlation
Measured on weekly returns over the past three years, Freightcar America, Inc. (RAIL) and Vanguard Value ETF (VTV) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAIL and VTV?
Across a 3-year window, the weekly returns of RAIL and VTV correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 369.5 %².
Few assets follow RAIL as closely as VTV, which ranks #2 of 11 tracked partners. The last year tells two different stories: VTV led by 41.8 percentage points, -16.1% for RAIL against +25.7% for VTV. Note the risk asymmetry: RAIL runs 6.3 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.
RAIL vs VTV: side by side
| RAIL (Freightcar America, Inc.) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -16.1% | +25.7% |
| 5-year return | +36.6% | +79.1% |
| Volatility (ann.) | 75.3% | 11.9% |
| Beta vs S&P 500 | 1.84 | 0.65 |
| Max drawdown (3Y) | -71.7% | -14.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | 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 | RAIL | VTV |
|---|---|---|
| 2022 | -13.3% | -2.1% |
| 2023 | -15.6% | +9.3% |
| 2024 | +231.9% | +16.0% |
| 2025 | +23.5% | +15.3% |
| 2026 | -34.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAIL and VTV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RAIL and VTV?
The RAIL/VTV correlation stands at 0.41 on a 3-year window (1 year: 0.48, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for RAIL?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/rail-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rail-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RAIL correlations · VTV correlations
