SWK vs VTV: Correlation
How closely do Stanley Black & Decker (SWK) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWK and VTV?
Over the past 3 years, SWK and VTV moved with a correlation of 0.67, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 283.4 %².
Among the 55 assets we track against SWK, VTV ranks #10 by 3-year correlation. Over the last 12 months SWK came out ahead by 11.3 percentage points (+37.0% against +25.7%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.58 and 0.80. Risk is not evenly split, since SWK carries 3.0 times the volatility of the other side.
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.
SWK vs VTV: side by side
| SWK (Stanley Black & Decker) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +37.0% | +25.7% |
| 5-year return | -39.1% | +79.1% |
| Volatility (ann.) | 35.4% | 11.9% |
| Beta vs S&P 500 | 1.19 | 0.65 |
| Max drawdown (3Y) | -48.3% | -14.5% |
| Market cap | $15.0B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 3.33% | 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 | SWK | VTV |
|---|---|---|
| 2022 | -58.9% | -2.1% |
| 2023 | +35.6% | +9.3% |
| 2024 | -15.2% | +16.0% |
| 2025 | -3.2% | +15.3% |
| 2026 | +36.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWK and VTV good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SWK and VTV?
The SWK/VTV correlation stands at 0.67 on a 3-year window (1 year: 0.70, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for SWK?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SWK correlations · VTV correlations
