STNE vs VEA: Correlation
How closely do StoneCo Ltd. - Class A Common Share (STNE) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STNE and VEA?
On 3 years of weekly data the STNE/VEA correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.54 over 3. The 5-year figure is 0.53, and annualized covariance runs at 391.4 %².
Among the 13 assets we track against STNE, VEA ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VEA outperformed by 55.8 percentage points (-27.3% for STNE against +28.5% for VEA). One caveat on sizing: STNE is 3.2 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.
STNE vs VEA: side by side
| STNE (StoneCo Ltd. - Class A Common Share) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -27.3% | +28.5% |
| 5-year return | -76.6% | +63.5% |
| Volatility (ann.) | 48.1% | 15.1% |
| Beta vs S&P 500 | 1.41 | 0.79 |
| Max drawdown (3Y) | -57.6% | -13.5% |
| Market cap | $2.2B | – |
| P/E (trailing) | 3.7 | – |
| Dividend yield | 0.00% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | STNE | VEA |
|---|---|---|
| 2022 | -44.0% | -15.3% |
| 2023 | +91.0% | +17.9% |
| 2024 | -55.8% | +3.1% |
| 2025 | +85.6% | +35.2% |
| 2026 | -21.8% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STNE and VEA good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between STNE and VEA?
The STNE/VEA correlation stands at 0.54 on a 3-year window (1 year: 0.50, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for STNE?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
Use this data
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Related comparisons
Hubs: STNE correlations · VEA correlations
