VFC vs WAL: Correlation
V.F. Corporation (VFC) and Western Alliance Bancorporation (WAL) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VFC and WAL?
Over the past 3 years, VFC and WAL moved with a correlation of 0.52, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.52 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1120.8 %².
By 3-year correlation, WAL places #4 of the 14 assets tracked against VFC. Twelve-month performance is nearly a tie, at -6.7% for VFC and -9.3% for WAL.
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.
VFC vs WAL: side by side
| VFC (V.F. Corporation) | WAL (Western Alliance Bancorporation) | |
|---|---|---|
| 1-year return | -6.7% | -9.3% |
| 5-year return | -79.1% | -9.7% |
| Volatility (ann.) | 54.9% | 39.5% |
| Beta vs S&P 500 | 1.25 | 1.51 |
| Max drawdown (3Y) | -63.7% | -36.0% |
| Market cap | $5.4B | $8.6B |
| P/E (trailing) | 20.1 | 9.0 |
| Dividend yield | 12.96% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VFC | WAL |
|---|---|---|
| 2022 | -60.4% | -43.7% |
| 2023 | -28.5% | +14.1% |
| 2024 | +16.6% | +29.7% |
| 2025 | -13.8% | +2.5% |
| 2026 | -23.8% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VFC and WAL good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between VFC and WAL?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.70 over the last year and 0.44 over 5 years.
Is WAL a good diversifier for VFC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: VFC correlations · WAL correlations
