TWI vs VTV: Correlation
Measured on weekly returns over the past three years, Titan International, Inc. (DE) (TWI) and Vanguard Value ETF (VTV) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWI and VTV?
Across a 3-year window, the weekly returns of TWI and VTV correlate at 0.60, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 344.6 %².
VTV is one of the assets that tracks TWI most closely: it ranks #3 out of the 11 assets we track against TWI. Correlation aside, the last 12 months split them widely, with VTV ahead by 48.6 points (-22.9% versus +25.7%). Note the risk asymmetry: TWI runs 4.0 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.
TWI vs VTV: side by side
| TWI (Titan International, Inc. (DE)) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -22.9% | +25.7% |
| 5-year return | -16.4% | +79.1% |
| Volatility (ann.) | 48.0% | 11.9% |
| Beta vs S&P 500 | 1.38 | 0.65 |
| Max drawdown (3Y) | -58.5% | -14.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| 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 | TWI | VTV |
|---|---|---|
| 2022 | +39.8% | -2.1% |
| 2023 | -2.9% | +9.3% |
| 2024 | -54.4% | +16.0% |
| 2025 | +15.3% | +15.3% |
| 2026 | -10.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWI and VTV good diversifiers for each other?
Only partially. A correlation of 0.60 means TWI and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between TWI and VTV?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.66 over the last year and 0.51 over 5 years.
Is VTV a good diversifier for TWI?
Only partially. A correlation of 0.60 means TWI and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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: TWI correlations · VTV correlations
