VOO vs XYZ: Correlation
Measured on weekly returns over the past three years, Vanguard S&P 500 ETF (VOO) and Block, Inc. (XYZ) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VOO and XYZ?
Across a 3-year window, the weekly returns of VOO and XYZ correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 375.4 %².
Within VOO's tracked universe of 124 assets, XYZ comes in at #92 by 3-year correlation. On 12-month performance VOO holds a 13.7-point edge, +20.6% against +6.9%. Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.78. Risk is not evenly split, since XYZ carries 3.5 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.
VOO vs XYZ: side by side
| VOO (Vanguard S&P 500 ETF) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +6.9% |
| 5-year return | +83.0% | -68.8% |
| Volatility (ann.) | 14.4% | 50.2% |
| Beta vs S&P 500 | 0.99 | 1.80 |
| Max drawdown (3Y) | -18.7% | -53.0% |
| Market cap | – | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | 1.07% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $1,686.9B | – |
| Sector / category | ETF · US Large Cap | Financials |
VOO is a Large Blend fund from Vanguard: $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | VOO | XYZ |
|---|---|---|
| 2022 | -18.2% | -61.1% |
| 2023 | +26.3% | +23.1% |
| 2024 | +25.0% | +9.9% |
| 2025 | +17.8% | -23.4% |
| 2026 | +13.7% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VOO holds XYZ at a 0.07% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are VOO and XYZ good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between VOO and XYZ?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.43 over the last year and 0.63 over 5 years.
Is XYZ a good diversifier for VOO?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/voo-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VOO correlations · XYZ correlations
