SNA vs VTV: Correlation
Measured on weekly returns over the past three years, Snap-on (SNA) and Vanguard Value ETF (VTV) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNA and VTV?
On 3 years of weekly data the SNA/VTV correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 145.0 %².
Within SNA's tracked universe of 34 assets, VTV comes in at #9 by 3-year correlation. Neither side won the trailing year by much: +23.1% against +25.7%. The rolling one-year correlation moved between 0.40 and 0.68 over the past three years, a moderate range. Note the risk asymmetry: SNA runs 1.8 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.
SNA vs VTV: side by side
| SNA (Snap-on) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +23.1% | +25.7% |
| 5-year return | +99.6% | +79.1% |
| Volatility (ann.) | 21.3% | 11.9% |
| Beta vs S&P 500 | 0.70 | 0.65 |
| Max drawdown (3Y) | -20.8% | -14.5% |
| Market cap | $20.5B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 2.38% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | 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 | SNA | VTV |
|---|---|---|
| 2022 | +8.9% | -2.1% |
| 2023 | +29.7% | +9.3% |
| 2024 | +20.7% | +16.0% |
| 2025 | +4.3% | +15.3% |
| 2026 | +17.1% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.08% of VTV is SNA itself, so the fund partly moves with the stock by construction.
Are SNA and VTV good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SNA and VTV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.48 over the last year and 0.61 over 5 years.
Is VTV a good diversifier for SNA?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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
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Related comparisons
Hubs: SNA correlations · VTV correlations
