VNT vs VYM: Correlation
How closely do Vontier Corporation (VNT) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VNT and VYM?
On 3 years of weekly data the VNT/VYM correlation comes out at 0.66, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 251.1 %².
Few assets follow VNT as closely as VYM, which ranks #3 of 22 tracked partners. Their recent paths diverged sharply: over the last 12 months VYM outperformed by 44.7 percentage points (-23.6% for VNT against +21.1% for VYM). Risk is not evenly split, since VNT carries 2.5 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.
VNT vs VYM: side by side
| VNT (Vontier Corporation) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | -23.6% | +21.1% |
| 5-year return | -7.6% | +76.6% |
| Volatility (ann.) | 31.1% | 12.3% |
| Beta vs S&P 500 | 1.13 | 0.69 |
| Max drawdown (3Y) | -38.4% | -14.5% |
| Market cap | $4.5B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 0.30% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | VNT | VYM |
|---|---|---|
| 2022 | -36.8% | -0.4% |
| 2023 | +79.3% | +6.6% |
| 2024 | +5.8% | +17.6% |
| 2025 | +2.2% | +15.4% |
| 2026 | -10.8% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VNT and VYM good diversifiers for each other?
To a limited degree. At 0.66 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 VNT and VYM?
The VNT/VYM correlation stands at 0.66 on a 3-year window (1 year: 0.62, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for VNT?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: VNT correlations · VYM correlations
