TLK vs VEA: Correlation
How closely do PT Telekomunikasi Indonesia, Tbk (TLK) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLK and VEA?
On 3 years of weekly data the TLK/VEA correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 208.2 %².
In TLK's tracked universe of 10 assets, VEA sits right near the top at #3. The last year tells two different stories: VEA led by 47.8 percentage points, -19.3% for TLK against +28.5% for VEA. One caveat on sizing: TLK is 1.8 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.
TLK vs VEA: side by side
| TLK (PT Telekomunikasi Indonesia, Tbk) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -19.3% | +28.5% |
| 5-year return | -18.1% | +63.5% |
| Volatility (ann.) | 27.9% | 15.1% |
| Beta vs S&P 500 | 0.66 | 0.79 |
| Max drawdown (3Y) | -47.6% | -13.5% |
| Market cap | $14.3B | – |
| P/E (trailing) | 14.7 | – |
| 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 | TLK | VEA |
|---|---|---|
| 2022 | -14.6% | -15.3% |
| 2023 | +12.6% | +17.9% |
| 2024 | -32.3% | +3.1% |
| 2025 | +37.8% | +35.2% |
| 2026 | -25.2% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLK and VEA good diversifiers for each other?
Reasonably. At 0.49, TLK and VEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TLK and VEA?
As of 2026-08-27, the correlation of weekly returns between TLK and VEA is 0.49 over 3 years, 0.46 over 1 year and 0.33 over 5 years.
Is VEA a good diversifier for TLK?
Reasonably. At 0.49, TLK and VEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tlk-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tlk-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TLK correlations · VEA correlations
