SNA vs VIG: Correlation
How closely do Snap-on (SNA) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNA and VIG?
On 3 years of weekly data the SNA/VIG correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.56). The 5-year figure is 0.60, and annualized covariance runs at 141.8 %².
Within SNA's tracked universe of 34 assets, VIG comes in at #15 by 3-year correlation. The trailing year gives SNA the advantage: +23.1% versus +17.1%, a 6.0-point spread. On a rolling one-year basis the correlation drifted between 0.42 and 0.71, a moderate band. One caveat on sizing: SNA is 1.8 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.
SNA vs VIG: side by side
| SNA (Snap-on) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +23.1% | +17.1% |
| 5-year return | +99.6% | +64.0% |
| Volatility (ann.) | 21.3% | 11.9% |
| Beta vs S&P 500 | 0.70 | 0.74 |
| Max drawdown (3Y) | -20.8% | -15.0% |
| Market cap | $20.5B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 2.38% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | SNA | VIG |
|---|---|---|
| 2022 | +8.9% | -9.8% |
| 2023 | +29.7% | +14.5% |
| 2024 | +20.7% | +17.0% |
| 2025 | +4.3% | +14.2% |
| 2026 | +17.1% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
SNA represents 0.09% of VIG's portfolio, so part of any move in VIG is SNA itself, and the correlation between them is partly mechanical.
Are SNA and VIG good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SNA and VIG?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.45 over the last year and 0.60 over 5 years.
Is VIG a good diversifier for SNA?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/sna-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sna-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SNA correlations · VIG correlations
