VT vs VTV: Correlation & Overlap
How closely do Vanguard Total World Stock ETF (VT) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong. Looking through to holdings, 25.9% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VT and VTV?
On 3 years of weekly data the VT/VTV correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.70) runs below the 3-year figure (0.84). The 5-year figure is 0.86, and annualized covariance runs at 138.1 %².
Within VT's tracked universe of 136 assets, VTV comes in at #33 by 3-year correlation. Neither side won the trailing year by much: +22.7% against +25.7%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.70 and 0.92.
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.
VT vs VTV: side by side
| VT (Vanguard Total World Stock ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +22.7% | +25.7% |
| 5-year return | +67.7% | +79.1% |
| Volatility (ann.) | 13.9% | 11.9% |
| Beta vs S&P 500 | 0.92 | 0.65 |
| Max drawdown (3Y) | -16.5% | -14.5% |
| Dividend yield | 1.59% | 1.86% |
| Expense ratio | 0.06% | 0.03% |
| Assets under management | $97.9B | $256.4B |
| Sector / category | ETF · Global | ETF · US Style |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield. 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.
Portfolio overlap between VT and VTV
The two portfolios partially overlap, with 307 holdings in common adding up to 25.9% of fund weight. Where correlation shows the co-movement, the overlap shows its source.
| Common holding | Weight in VT | Weight in VTV |
|---|---|---|
| JPM | 0.84% | 3.51% |
| MU | 0.83% | 3.46% |
| BRK.B | 0.75% | 2.99% |
| XOM | 0.58% | 2.40% |
| JNJ | 0.55% | 2.30% |
| WMT | 0.44% | 1.82% |
| CSCO | 0.41% | 1.53% |
| ABBV | 0.40% | 1.65% |
| BAC | 0.36% | 1.47% |
| INTC | 0.35% | 0.68% |
| UNH | 0.34% | 1.40% |
| GE | 0.33% | 0.70% |
| CAT | 0.33% | 1.40% |
| CVX | 0.33% | 1.39% |
| MRK | 0.31% | 1.20% |
Largest positions held only by VT: NVDA (4.20%), AAPL (4.00%), MSFT (3.09%), AMZN (2.36%), GOOGL (1.89%). Only by VTV: LEN.B (0.00%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-07-31. Top 15 common positions shown.
Year-by-year returns
| Year | VT | VTV |
|---|---|---|
| 2022 | -18.0% | -2.1% |
| 2023 | +22.0% | +9.3% |
| 2024 | +16.5% | +16.0% |
| 2025 | +22.4% | +15.3% |
| 2026 | +15.2% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VT and VTV good diversifiers for each other?
No: a correlation of 0.84 means VT and VTV tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between VT and VTV?
The VT/VTV correlation stands at 0.84 on a 3-year window (1 year: 0.70, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for VT?
No: a correlation of 0.84 means VT and VTV tend to fall together, which is precisely when diversification is supposed to help.
How much do VT and VTV overlap?
Per the issuers' own portfolio disclosures (2026-07-31), the overlap is 25.9% by weight over 307 common positions.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vt-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vt-vs-vtv/)
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Related comparisons
Hubs: VT correlations · VTV correlations
