SPYV vs VT: Correlation & Overlap
SPDR Portfolio S&P 500 Value ETF (SPYV) and Vanguard Total World Stock ETF (VT) show a very strong relationship: their 3-year correlation of weekly returns is 0.86. The two funds also share 36.1% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPYV and VT?
Over the past 3 years, SPYV and VT moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. Over 5 years the correlation is 0.90, and the annualized covariance of weekly returns is 144.8 %².
By 3-year correlation, VT places #13 of the 148 assets tracked against SPYV. Neither side won the trailing year by much: +18.5% against +22.7%. The rolling one-year correlation moved between 0.72 and 0.97 over the past three years, a moderate range.
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.
SPYV vs VT: side by side
| SPYV (SPDR Portfolio S&P 500 Value ETF) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +18.5% | +22.7% |
| 5-year return | +73.5% | +67.7% |
| Volatility (ann.) | 12.1% | 13.9% |
| Beta vs S&P 500 | 0.70 | 0.92 |
| Max drawdown (3Y) | -17.5% | -16.5% |
| Dividend yield | 1.69% | 1.59% |
| Expense ratio | 0.04% | 0.06% |
| Assets under management | $36.2B | $97.9B |
| Sector / category | ETF · US Style | ETF · Global |
On the fund side, SPYV sits in the Large Value category at State Street Investment Management, with $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield. VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Portfolio overlap between SPYV and VT
The two portfolios partially overlap. Weighing the shared positions, 36.1% of the two funds is identical, spread across 434 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in SPYV | Weight in VT |
|---|---|---|
| AAPL | 7.58% | 4.00% |
| AMZN | 3.95% | 2.36% |
| JPM | 1.01% | 0.84% |
| TSLA | 1.22% | 0.81% |
| XOM | 2.16% | 0.58% |
| JNJ | 0.88% | 0.55% |
| V | 0.94% | 0.54% |
| WMT | 1.51% | 0.44% |
| MA | 0.53% | 0.41% |
| CSCO | 0.69% | 0.41% |
| ABBV | 0.83% | 0.40% |
| COST | 1.40% | 0.38% |
| BAC | 1.34% | 0.36% |
| INTC | 1.44% | 0.35% |
| UNH | 1.20% | 0.34% |
Largest positions held only by SPYV: VMRK (0.16%), ERIE (0.02%), PSKY (0.01%), 2602335D (0.00%). Only by VT: NVDA (4.20%), MSFT (3.09%), GOOGL (1.89%), AVGO (1.62%), 2330 (1.61%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | SPYV | VT |
|---|---|---|
| 2022 | -5.3% | -18.0% |
| 2023 | +22.2% | +22.0% |
| 2024 | +12.2% | +16.5% |
| 2025 | +13.2% | +22.4% |
| 2026 | +12.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPYV and VT good diversifiers for each other?
No. With a correlation of 0.86, SPYV and VT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between SPYV and VT?
The SPYV/VT correlation stands at 0.86 on a 3-year window (1 year: 0.81, 5 years: 0.90), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for SPYV?
No. With a correlation of 0.86, SPYV and VT move nearly in lockstep, so holding both adds very little diversification.
How much do SPYV and VT overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 36.1% by weight over 434 common positions.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spyv-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spyv-vs-vt/)
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Hubs: SPYV correlations · VT correlations
