SNA vs VYM: Correlation
Snap-on (SNA) and Vanguard High Dividend Yield ETF (VYM) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNA and VYM?
Over the past 3 years, SNA and VYM moved with a correlation of 0.57, which is moderate. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.57). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 148.8 %².
Within SNA's tracked universe of 34 assets, VYM comes in at #10 by 3-year correlation. Neither side won the trailing year by much: +23.1% against +21.1%. On a rolling one-year basis the correlation drifted between 0.39 and 0.69, a moderate band. Note the risk asymmetry: SNA runs 1.7 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 VYM: side by side
| SNA (Snap-on) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +23.1% | +21.1% |
| 5-year return | +99.6% | +76.6% |
| Volatility (ann.) | 21.3% | 12.3% |
| Beta vs S&P 500 | 0.70 | 0.69 |
| Max drawdown (3Y) | -20.8% | -14.5% |
| Market cap | $20.5B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 2.38% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | SNA | VYM |
|---|---|---|
| 2022 | +8.9% | -0.4% |
| 2023 | +29.7% | +6.6% |
| 2024 | +20.7% | +17.6% |
| 2025 | +4.3% | +15.4% |
| 2026 | +17.1% | +15.9% |
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 VYM is SNA itself, so the fund partly moves with the stock by construction.
Are SNA and VYM good diversifiers for each other?
Only partially. A correlation of 0.57 means SNA and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SNA and VYM?
The SNA/VYM correlation stands at 0.57 on a 3-year window (1 year: 0.45, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for SNA?
Only partially. A correlation of 0.57 means SNA and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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.
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Related comparisons
Hubs: SNA correlations · VYM correlations
