TKR vs VTV: Correlation
Timken Company (The) (TKR) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TKR and VTV?
On 3 years of weekly data the TKR/VTV correlation comes out at 0.68, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 222.8 %².
Among the 32 assets we track against TKR, VTV ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TKR ahead by 34.1 points (+59.8% versus +25.7%). Note the risk asymmetry: TKR runs 2.3 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.
TKR vs VTV: side by side
| TKR (Timken Company (The)) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +59.8% | +25.7% |
| 5-year return | +80.3% | +79.1% |
| Volatility (ann.) | 27.4% | 11.9% |
| Beta vs S&P 500 | 0.98 | 0.65 |
| Max drawdown (3Y) | -37.6% | -14.5% |
| Market cap | $8.6B | – |
| P/E (trailing) | 33.7 | – |
| Dividend yield | 1.12% | 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 | TKR | VTV |
|---|---|---|
| 2022 | +3.9% | -2.1% |
| 2023 | +15.4% | +9.3% |
| 2024 | -9.5% | +16.0% |
| 2025 | +20.0% | +15.3% |
| 2026 | +49.4% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TKR and VTV good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TKR and VTV?
The TKR/VTV correlation stands at 0.68 on a 3-year window (1 year: 0.66, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for TKR?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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: TKR correlations · VTV correlations
