VT vs WAB: Correlation
How closely do Vanguard Total World Stock ETF (VT) and Wabtec (WAB) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VT and WAB?
Over the past 3 years, VT and WAB moved with a correlation of 0.60, which is strong. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.60). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 211.0 %².
Within VT's tracked universe of 136 assets, WAB comes in at #87 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WAB outperformed by 30.2 percentage points (+22.7% for VT against +52.9% for WAB). On a rolling one-year basis the correlation drifted between 0.33 and 0.82, a moderate band. Risk is not evenly split, since WAB carries 1.8 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.
VT vs WAB: side by side
| VT (Vanguard Total World Stock ETF) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | +22.7% | +52.9% |
| 5-year return | +67.7% | +241.0% |
| Volatility (ann.) | 13.9% | 25.3% |
| Beta vs S&P 500 | 0.92 | 0.99 |
| Max drawdown (3Y) | -16.5% | -23.6% |
| Market cap | – | $50.2B |
| P/E (trailing) | – | 40.5 |
| Dividend yield | 1.59% | 0.37% |
| Expense ratio | 0.06% | – |
| Assets under management | $97.9B | – |
| Sector / category | ETF · Global | Industrials |
On the fund side, VT sits in the Global Large-Stock Blend category at Vanguard, with $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | VT | WAB |
|---|---|---|
| 2022 | -18.0% | +9.1% |
| 2023 | +22.0% | +28.0% |
| 2024 | +16.5% | +50.1% |
| 2025 | +22.4% | +13.2% |
| 2026 | +15.2% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VT and WAB good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between VT and WAB?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.33 over the last year and 0.67 over 5 years.
Is WAB a good diversifier for VT?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vt-vs-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vt-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VT correlations · WAB correlations
