UNP vs VTV: Correlation
How closely do Union Pacific Corporation (UNP) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UNP and VTV?
Over the past 3 years, UNP and VTV moved with a correlation of 0.61, which is strong. The past 12 months show a weaker link (0.31) than the 3-year average (0.61). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 149.9 %².
By 3-year correlation, VTV places #8 of the 33 assets tracked against UNP. Correlation aside, the last 12 months split them widely, with UNP ahead by 16.7 points (+42.4% versus +25.7%). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.76. Risk is not evenly split, since UNP carries 1.7 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.
UNP vs VTV: side by side
| UNP (Union Pacific Corporation) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +42.4% | +25.7% |
| 5-year return | +56.5% | +79.1% |
| Volatility (ann.) | 20.6% | 11.9% |
| Beta vs S&P 500 | 0.56 | 0.65 |
| Max drawdown (3Y) | -17.8% | -14.5% |
| Market cap | $182.8B | – |
| P/E (trailing) | 25.1 | – |
| Dividend yield | 1.78% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | 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 | UNP | VTV |
|---|---|---|
| 2022 | -15.9% | -2.1% |
| 2023 | +21.6% | +9.3% |
| 2024 | -5.1% | +16.0% |
| 2025 | +3.9% | +15.3% |
| 2026 | +34.4% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
UNP represents 0.65% of VTV's portfolio, so part of any move in VTV is UNP itself, and the correlation between them is partly mechanical.
Are UNP and VTV good diversifiers for each other?
Only partially. A correlation of 0.61 means UNP 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 UNP and VTV?
The UNP/VTV correlation stands at 0.61 on a 3-year window (1 year: 0.31, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for UNP?
Only partially. A correlation of 0.61 means UNP 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 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/unp-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/unp-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UNP correlations · VTV correlations
