V vs VIG: Correlation
Measured on weekly returns over the past three years, Visa Inc. (V) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are V and VIG?
Over the past 3 years, V and VIG moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.63). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 142.1 %².
Within V's tracked universe of 32 assets, VIG comes in at #5 by 3-year correlation. The trailing year gives VIG the advantage: +9.2% versus +17.1%, a 7.9-point spread. The rolling one-year correlation moved between 0.40 and 0.82 over the past three years, a moderate range. Note the risk asymmetry: V runs 1.6 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.
V vs VIG: side by side
| V (Visa Inc.) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +9.2% | +17.1% |
| 5-year return | +70.5% | +64.0% |
| Volatility (ann.) | 19.1% | 11.9% |
| Beta vs S&P 500 | 0.72 | 0.74 |
| Max drawdown (3Y) | -20.4% | -15.0% |
| Market cap | $708.8B | – |
| P/E (trailing) | 32.7 | – |
| Dividend yield | 0.70% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Financials | 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 | V | VIG |
|---|---|---|
| 2022 | -3.4% | -9.8% |
| 2023 | +26.3% | +14.5% |
| 2024 | +22.3% | +17.0% |
| 2025 | +11.8% | +14.2% |
| 2026 | +8.9% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VIG holds V at a 2.46% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are V and VIG good diversifiers for each other?
Only partially. A correlation of 0.63 means V 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 V and VIG?
As of 2026-08-27, the correlation of weekly returns between V and VIG is 0.63 over 3 years, 0.44 over 1 year and 0.67 over 5 years.
Is VIG a good diversifier for V?
Only partially. A correlation of 0.63 means V 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 0.63 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/v-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/v-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: V correlations · VIG correlations
