VIG vs WMT: Correlation
Vanguard Dividend Appreciation ETF (VIG) and Walmart (WMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VIG and WMT?
Across a 3-year window, the weekly returns of VIG and WMT correlate at 0.38, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.38). Stretching to 5 years gives 0.48, with an annualized covariance of 103.9 %².
By 3-year correlation, WMT places #92 of the 106 assets tracked against VIG. Over the last 12 months VIG came out ahead by 9.4 percentage points (+17.1% against +7.7%). The rolling one-year correlation moved between 0.20 and 0.67 over the past three years, a moderate range. Note the risk asymmetry: WMT runs 1.9 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.
VIG vs WMT: side by side
| VIG (Vanguard Dividend Appreciation ETF) | WMT (Walmart) | |
|---|---|---|
| 1-year return | +17.1% | +7.7% |
| 5-year return | +64.0% | +121.9% |
| Volatility (ann.) | 11.9% | 23.0% |
| Beta vs S&P 500 | 0.74 | 0.53 |
| Max drawdown (3Y) | -15.0% | -23.3% |
| Market cap | – | $816.7B |
| P/E (trailing) | – | 37.1 |
| Dividend yield | 1.50% | 0.92% |
| Expense ratio | 0.04% | – |
| Assets under management | $130.9B | – |
| Sector / category | ETF · Dividend | Consumer Staples |
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 | WMT |
|---|---|---|
| 2022 | -9.8% | -0.5% |
| 2023 | +14.5% | +12.9% |
| 2024 | +17.0% | +74.0% |
| 2025 | +14.2% | +24.5% |
| 2026 | +11.6% | -7.3% |
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 WMT at a 2.12% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are VIG and WMT good diversifiers for each other?
Reasonably. At 0.38, VIG and WMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between VIG and WMT?
The VIG/WMT correlation stands at 0.38 on a 3-year window (1 year: 0.25, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is WMT a good diversifier for VIG?
Reasonably. At 0.38, VIG and WMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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 · WMT correlations
