UPS vs VYM: Correlation
How closely do United Parcel Service (UPS) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UPS and VYM?
Over the past 3 years, UPS and VYM moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 195.0 %².
Among the 34 assets we track against UPS, VYM ranks #9 by 3-year correlation. Over the last 12 months UPS came out ahead by 7.1 percentage points (+28.2% against +21.1%). Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.68. One caveat on sizing: UPS is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VYM: side by side
| UPS (United Parcel Service) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +28.2% | +21.1% |
| 5-year return | -31.0% | +76.6% |
| Volatility (ann.) | 29.4% | 12.3% |
| Beta vs S&P 500 | 0.81 | 0.69 |
| Max drawdown (3Y) | -46.5% | -14.5% |
| Market cap | $89.9B | – |
| P/E (trailing) | 19.6 | – |
| Dividend yield | 6.21% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Industrials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | UPS | VYM |
|---|---|---|
| 2022 | -16.2% | -0.4% |
| 2023 | -6.0% | +6.6% |
| 2024 | -15.9% | +17.6% |
| 2025 | -15.9% | +15.4% |
| 2026 | +11.6% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
UPS represents 0.32% of VYM's portfolio, so part of any move in VYM is UPS itself, and the correlation between them is partly mechanical.
Are UPS and VYM good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UPS and VYM?
As of 2026-08-27, the correlation of weekly returns between UPS and VYM is 0.54 over 3 years, 0.49 over 1 year and 0.57 over 5 years.
Is VYM a good diversifier for UPS?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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 · VYM correlations
