TXT vs VIG: Correlation
Textron (TXT) and Vanguard Dividend Appreciation ETF (VIG) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TXT and VIG?
Over the past 3 years, TXT and VIG moved with a correlation of 0.64, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.64 over 3 years. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 193.1 %².
By 3-year correlation, VIG places #9 of the 39 assets tracked against TXT. The last year tells two different stories: VIG led by 16.4 percentage points, +0.7% for TXT against +17.1% for VIG. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.31 to 0.87. Risk is not evenly split, since TXT carries 2.1 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.
TXT vs VIG: side by side
| TXT (Textron) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +0.7% | +17.1% |
| 5-year return | +15.1% | +64.0% |
| Volatility (ann.) | 25.4% | 11.9% |
| Beta vs S&P 500 | 0.89 | 0.74 |
| Max drawdown (3Y) | -37.3% | -15.0% |
| Market cap | $14.2B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.10% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | TXT | VIG |
|---|---|---|
| 2022 | -8.2% | -9.8% |
| 2023 | +13.7% | +14.5% |
| 2024 | -4.8% | +17.0% |
| 2025 | +14.1% | +14.2% |
| 2026 | -5.5% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TXT and VIG good diversifiers for each other?
Only partially. A correlation of 0.64 means TXT and VIG 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 TXT and VIG?
The TXT/VIG correlation stands at 0.64 on a 3-year window (1 year: 0.50, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is VIG a good diversifier for TXT?
Only partially. A correlation of 0.64 means TXT and VIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/txt-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/txt-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TXT correlations · VIG correlations
