THRM vs VTV: Correlation
Gentherm Inc (THRM) and Vanguard Value ETF (VTV) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THRM and VTV?
Over the past 3 years, THRM and VTV moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 228.7 %².
By 3-year correlation, VTV places #5 of the 10 assets tracked against THRM. The last year tells two different stories: VTV led by 17.1 percentage points, +8.6% for THRM against +25.7% for VTV. Note the risk asymmetry: THRM runs 3.1 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.
THRM vs VTV: side by side
| THRM (Gentherm Inc) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +8.6% | +25.7% |
| 5-year return | -54.0% | +79.1% |
| Volatility (ann.) | 36.4% | 11.9% |
| Beta vs S&P 500 | 1.04 | 0.65 |
| Max drawdown (3Y) | -61.8% | -14.5% |
| Market cap | $1.2B | – |
| P/E (trailing) | 47.0 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | 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 | THRM | VTV |
|---|---|---|
| 2022 | -24.9% | -2.1% |
| 2023 | -19.8% | +9.3% |
| 2024 | -23.8% | +16.0% |
| 2025 | -8.9% | +15.3% |
| 2026 | +11.0% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THRM and VTV good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between THRM and VTV?
The THRM/VTV correlation stands at 0.53 on a 3-year window (1 year: 0.46, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for THRM?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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.
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Related comparisons
Hubs: THRM correlations · VTV correlations
