SBUX vs VOO: Correlation
How closely do Starbucks (SBUX) and Vanguard S&P 500 ETF (VOO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBUX and VOO?
Over the past 3 years, SBUX and VOO moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 227.9 %².
Within SBUX's tracked universe of 38 assets, VOO comes in at #15 by 3-year correlation. Twelve-month performance is nearly a tie, at +25.5% for SBUX and +20.6% for VOO. On a rolling one-year basis the correlation drifted between 0.30 and 0.69, a moderate band. One caveat on sizing: SBUX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SBUX vs VOO: side by side
| SBUX (Starbucks) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +25.5% | +20.6% |
| 5-year return | +4.5% | +83.0% |
| Volatility (ann.) | 34.2% | 14.4% |
| Beta vs S&P 500 | 1.10 | 0.99 |
| Max drawdown (3Y) | -32.0% | -18.7% |
| Market cap | $122.3B | – |
| P/E (trailing) | 62.7 | – |
| Dividend yield | 2.29% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Consumer Discretionary | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | SBUX | VOO |
|---|---|---|
| 2022 | -13.2% | -18.2% |
| 2023 | -1.2% | +26.3% |
| 2024 | -2.5% | +25.0% |
| 2025 | -5.3% | +17.8% |
| 2026 | +29.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.19% of VOO is SBUX itself, so the fund partly moves with the stock by construction.
Are SBUX and VOO good diversifiers for each other?
Reasonably. At 0.46, SBUX and VOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SBUX and VOO?
The SBUX/VOO correlation stands at 0.46 on a 3-year window (1 year: 0.32, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for SBUX?
Reasonably. At 0.46, SBUX and VOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: SBUX correlations · VOO correlations
