VIG vs VLTO: Correlation
Vanguard Dividend Appreciation ETF (VIG) and Veralto (VLTO) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VIG and VLTO?
Over the past 3 years, VIG and VLTO moved with a correlation of 0.51, which is moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.51). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 128.1 %².
By 3-year correlation, VLTO places #77 of the 106 assets tracked against VIG. Their recent paths diverged sharply: over the last 12 months VIG outperformed by 25.0 percentage points (+17.1% for VIG against -7.9% for VLTO). The rolling one-year correlation moved between 0.33 and 0.73 over the past three years, a moderate range. Risk is not evenly split, since VLTO carries 1.8 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.
VIG vs VLTO: side by side
| VIG (Vanguard Dividend Appreciation ETF) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +17.1% | -7.9% |
| 5-year return | +64.0% | n/a |
| Volatility (ann.) | 11.9% | 21.2% |
| Beta vs S&P 500 | 0.74 | 0.66 |
| Max drawdown (3Y) | -15.0% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 1.50% | 0.51% |
| Expense ratio | 0.04% | – |
| Assets under management | $130.9B | – |
| Sector / category | ETF · Dividend | Industrials |
VIG is a Large Blend fund from Vanguard: $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | VIG | VLTO |
|---|---|---|
| 2022 | -9.8% | – |
| 2023 | +14.5% | – |
| 2024 | +17.0% | +24.3% |
| 2025 | +14.2% | -1.6% |
| 2026 | +11.6% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
VLTO represents 0.1% of VIG's portfolio, so part of any move in VIG is VLTO itself, and the correlation between them is partly mechanical.
Are VIG and VLTO good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between VIG and VLTO?
As of 2026-08-27, the correlation of weekly returns between VIG and VLTO is 0.51 over 3 years, 0.36 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for VIG?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vig-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vig-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VIG correlations · VLTO correlations
