UBS vs VEA: Correlation
How closely do UBS Group AG Registered (UBS) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UBS and VEA?
On 3 years of weekly data the UBS/VEA correlation comes out at 0.69, strong. The link has loosened recently: the 1-year correlation (0.55) runs below the 3-year figure (0.69). The 5-year figure is 0.74, and annualized covariance runs at 290.6 %².
Within UBS's tracked universe of 13 assets, VEA comes in at #5 by 3-year correlation. Over the last 12 months UBS came out ahead by 10.4 percentage points (+38.9% against +28.5%). Note the risk asymmetry: UBS runs 1.8 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.
UBS vs VEA: side by side
| UBS (UBS Group AG Registered) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +38.9% | +28.5% |
| 5-year return | +273.9% | +63.5% |
| Volatility (ann.) | 27.9% | 15.1% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -27.0% | -13.5% |
| Market cap | $166.4B | – |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 2.02% | 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 | UBS | VEA |
|---|---|---|
| 2022 | +7.4% | -15.3% |
| 2023 | +69.9% | +17.9% |
| 2024 | +0.7% | +3.1% |
| 2025 | +57.7% | +35.2% |
| 2026 | +20.4% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UBS and VEA good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between UBS and VEA?
The UBS/VEA correlation stands at 0.69 on a 3-year window (1 year: 0.55, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for UBS?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 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/ubs-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ubs-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UBS correlations · VEA correlations
