VREX vs VTV: Correlation
How closely do Varex Imaging Corporation (VREX) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VREX and VTV?
On 3 years of weekly data the VREX/VTV correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 361.0 %².
Among the 15 assets we track against VREX, VTV ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VREX ahead by 35.8 points (+61.5% versus +25.7%). Risk is not evenly split, since VREX carries 4.9 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.
VREX vs VTV: side by side
| VREX (Varex Imaging Corporation) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +61.5% | +25.7% |
| 5-year return | -36.0% | +79.1% |
| Volatility (ann.) | 58.7% | 11.9% |
| Beta vs S&P 500 | 1.91 | 0.65 |
| Max drawdown (3Y) | -67.8% | -14.5% |
| Market cap | $0.8B | – |
| P/E (trailing) | 34.9 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | VREX | VTV |
|---|---|---|
| 2022 | -35.7% | -2.1% |
| 2023 | +1.0% | +9.3% |
| 2024 | -28.8% | +16.0% |
| 2025 | -20.2% | +15.3% |
| 2026 | +58.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VREX and VTV good diversifiers for each other?
To a limited degree. At 0.52 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 VREX and VTV?
The VREX/VTV correlation stands at 0.52 on a 3-year window (1 year: 0.45, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for VREX?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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: VREX correlations · VTV correlations
