VIG vs WHLR: Correlation
Measured on weekly returns over the past three years, Vanguard Dividend Appreciation ETF (VIG) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VIG and WHLR?
Across a 3-year window, the weekly returns of VIG and WHLR correlate at -0.15, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.05 over 1 year against -0.15 over 3. Stretching to 5 years gives -0.08, with an annualized covariance of -966.0 %².
By 3-year correlation, WHLR places #99 of the 106 assets tracked against VIG. Their recent paths diverged sharply: over the last 12 months VIG outperformed by 117.1 percentage points (+17.1% for VIG against -100.0% for WHLR). One caveat on sizing: WHLR is 45.8 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.
VIG vs WHLR: side by side
| VIG (Vanguard Dividend Appreciation ETF) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +17.1% | -100.0% |
| 5-year return | +64.0% | -100.0% |
| Volatility (ann.) | 11.9% | 545.0% |
| Beta vs S&P 500 | 0.74 | -5.84 |
| Max drawdown (3Y) | -15.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 1.50% | 0.00% |
| Expense ratio | 0.04% | – |
| Assets under management | $130.9B | – |
| Sector / category | ETF · Dividend | US Listed |
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 | VIG | WHLR |
|---|---|---|
| 2022 | -9.8% | -28.0% |
| 2023 | +14.5% | -98.4% |
| 2024 | +17.0% | -98.4% |
| 2025 | +14.2% | -100.0% |
| 2026 | +11.6% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VIG and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between VIG and WHLR?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.05 over the last year and -0.08 over 5 years.
Is WHLR a good diversifier for VIG?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 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.
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Related comparisons
Hubs: VIG correlations · WHLR correlations
