VNQ vs WY: Correlation
Vanguard Real Estate ETF (VNQ) and Weyerhaeuser (WY) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VNQ and WY?
Over the past 3 years, VNQ and WY moved with a correlation of 0.70, which is strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.70). Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 285.0 %².
By 3-year correlation, WY places #57 of the 149 assets tracked against VNQ. Their recent paths diverged sharply: over the last 12 months VNQ outperformed by 16.4 percentage points (+10.3% for VNQ against -6.1% for WY). On a rolling one-year basis the correlation drifted between 0.46 and 0.83, a moderate band.
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.
VNQ vs WY: side by side
| VNQ (Vanguard Real Estate ETF) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +10.3% | -6.1% |
| 5-year return | +9.5% | -19.5% |
| Volatility (ann.) | 16.6% | 24.8% |
| Beta vs S&P 500 | 0.59 | 0.64 |
| Max drawdown (3Y) | -17.5% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 3.51% | 3.49% |
| Expense ratio | 0.13% | – |
| Assets under management | $73.1B | – |
| Sector / category | ETF · Real Estate | Real Estate |
On the fund side, VNQ sits in the Real Estate category at Vanguard, with $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | VNQ | WY |
|---|---|---|
| 2022 | -26.3% | -20.4% |
| 2023 | +11.9% | +18.0% |
| 2024 | +4.8% | -16.6% |
| 2025 | +3.2% | -13.0% |
| 2026 | +12.5% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VNQ holds WY at a 0.94% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are VNQ and WY good diversifiers for each other?
To a limited degree. At 0.70 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 VNQ and WY?
As of 2026-08-27, the correlation of weekly returns between VNQ and WY is 0.70 over 3 years, 0.44 over 1 year and 0.71 over 5 years.
Is WY a good diversifier for VNQ?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vnq-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vnq-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VNQ correlations · WY correlations
