VOO vs WHLR: Correlation
Measured on weekly returns over the past three years, Vanguard S&P 500 ETF (VOO) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VOO and WHLR?
On 3 years of weekly data the VOO/WHLR correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.16 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -1216.8 %².
Within VOO's tracked universe of 124 assets, WHLR comes in at #119 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VOO ahead by 120.6 points (+20.6% versus -100.0%). Risk is not evenly split, since WHLR carries 37.8 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.
VOO vs WHLR: side by side
| VOO (Vanguard S&P 500 ETF) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -100.0% |
| 5-year return | +83.0% | -100.0% |
| Volatility (ann.) | 14.4% | 545.0% |
| Beta vs S&P 500 | 0.99 | -5.84 |
| Max drawdown (3Y) | -18.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 1.07% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $1,686.9B | – |
| Sector / category | ETF · US Large Cap | US Listed |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | VOO | WHLR |
|---|---|---|
| 2022 | -18.2% | -28.0% |
| 2023 | +26.3% | -98.4% |
| 2024 | +25.0% | -98.4% |
| 2025 | +17.8% | -100.0% |
| 2026 | +13.7% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VOO and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between VOO and WHLR?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.01 over the last year and -0.09 over 5 years.
Is WHLR a good diversifier for VOO?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/voo-vs-whlr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/voo-vs-whlr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VOO correlations · WHLR correlations
