VEA vs VTV: Correlation & Overlap
Measured on weekly returns over the past three years, Vanguard FTSE Developed Markets ETF (VEA) and Vanguard Value ETF (VTV) carry a correlation of 0.76, a strong link. The two funds also share 1.3% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VEA and VTV?
Across a 3-year window, the weekly returns of VEA and VTV correlate at 0.76, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 137.5 %².
Within VEA's tracked universe of 107 assets, VTV comes in at #26 by 3-year correlation. Twelve-month performance is nearly a tie, at +28.5% for VEA and +25.7% for VTV. Stability stands out here, with the rolling one-year correlation confined to 0.65 through 0.87.
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.
VEA vs VTV: side by side
| VEA (Vanguard FTSE Developed Markets ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +28.5% | +25.7% |
| 5-year return | +63.5% | +79.1% |
| Volatility (ann.) | 15.1% | 11.9% |
| Beta vs S&P 500 | 0.79 | 0.65 |
| Max drawdown (3Y) | -13.5% | -14.5% |
| Dividend yield | 2.56% | 1.86% |
| Expense ratio | 0.03% | 0.03% |
| Assets under management | $314.9B | $256.4B |
| Sector / category | ETF · International | ETF · US Style |
VEA, Vanguard's Foreign Large Blend fund, carries $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield. 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.
Portfolio overlap between VEA and VTV
The two portfolios are largely distinct: 1.3% of the funds' weight sits in the same underlying holdings (42 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in VEA | Weight in VTV |
|---|---|---|
| ROP | 0.97% | 0.15% |
| PRU | 0.13% | 0.16% |
| DG | 0.22% | 0.10% |
| DTE | 0.33% | 0.09% |
| PPL | 0.09% | 0.09% |
| EL | 0.17% | 0.08% |
| ALL | 0.08% | 0.25% |
| L | 0.08% | 0.07% |
| MRK | 0.07% | 1.20% |
| HBAN | 0.06% | 0.13% |
| SUNB | 0.09% | 0.06% |
| RKT | 0.14% | 0.04% |
| ADM | 0.04% | 0.14% |
| EQT | 0.06% | 0.03% |
| KEY | 0.03% | 0.09% |
Largest positions held only by VEA: 005930 (2.53%), ASML (2.00%), 000660 (1.98%), HSBA (1.15%), SAN (0.94%). Only by VTV: JPM (3.51%), MU (3.46%), BRK.B (2.99%), XOM (2.40%), JNJ (2.30%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-07-31. Top 15 common positions shown.
Year-by-year returns
| Year | VEA | VTV |
|---|---|---|
| 2022 | -15.3% | -2.1% |
| 2023 | +17.9% | +9.3% |
| 2024 | +3.1% | +16.0% |
| 2025 | +35.2% | +15.3% |
| 2026 | +18.3% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VEA and VTV good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between VEA and VTV?
As of 2026-08-27, the correlation of weekly returns between VEA and VTV is 0.76 over 3 years, 0.75 over 1 year and 0.78 over 5 years.
Is VTV a good diversifier for VEA?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
How much do VEA and VTV overlap?
Per the issuers' own portfolio disclosures (2026-07-31), the overlap is 1.3% by weight over 42 common positions.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vea-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vea-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VEA correlations · VTV correlations
