UPS vs VTV: Correlation
Measured on weekly returns over the past three years, United Parcel Service (UPS) and Vanguard Value ETF (VTV) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UPS and VTV?
Across a 3-year window, the weekly returns of UPS and VTV correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 187.2 %².
By 3-year correlation, VTV places #12 of the 34 assets tracked against UPS. Neither side won the trailing year by much: +28.2% against +25.7%. Across three years, the rolling one-year figure varied moderately, from 0.25 to 0.69. Risk is not evenly split, since UPS carries 2.5 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.
UPS vs VTV: side by side
| UPS (United Parcel Service) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +28.2% | +25.7% |
| 5-year return | -31.0% | +79.1% |
| Volatility (ann.) | 29.4% | 11.9% |
| Beta vs S&P 500 | 0.81 | 0.65 |
| Max drawdown (3Y) | -46.5% | -14.5% |
| Market cap | $89.9B | – |
| P/E (trailing) | 19.6 | – |
| Dividend yield | 6.21% | 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 | UPS | VTV |
|---|---|---|
| 2022 | -16.2% | -2.1% |
| 2023 | -6.0% | +9.3% |
| 2024 | -15.9% | +16.0% |
| 2025 | -15.9% | +15.3% |
| 2026 | +11.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
UPS represents 0.29% of VTV's portfolio, so part of any move in VTV is UPS itself, and the correlation between them is partly mechanical.
Are UPS and VTV good diversifiers for each other?
Only partially. A correlation of 0.53 means UPS 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 UPS and VTV?
As of 2026-08-27, the correlation of weekly returns between UPS and VTV is 0.53 over 3 years, 0.50 over 1 year and 0.57 over 5 years.
Is VTV a good diversifier for UPS?
Only partially. A correlation of 0.53 means UPS 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 0.53 mean?
A reading of 0.53 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: UPS correlations · VTV correlations
