VTI vs ZBRA: Correlation
Vanguard Total Stock Market ETF (VTI) and Zebra Technologies (ZBRA) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTI and ZBRA?
Across a 3-year window, the weekly returns of VTI and ZBRA correlate at 0.57, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.57). Stretching to 5 years gives 0.66, with an annualized covariance of 339.6 %².
Among the 157 assets we track against VTI, ZBRA ranks #89 by 3-year correlation. On 12-month performance VTI holds a 8.4-point edge, +20.7% against +12.3%. On a rolling one-year basis the correlation drifted between 0.33 and 0.79, a moderate band. One caveat on sizing: ZBRA is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
VTI vs ZBRA: side by side
| VTI (Vanguard Total Stock Market ETF) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | +20.7% | +12.3% |
| 5-year return | +74.8% | -38.2% |
| Volatility (ann.) | 14.6% | 40.8% |
| Beta vs S&P 500 | 1.01 | 1.54 |
| Max drawdown (3Y) | -19.3% | -52.7% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 33.0 |
| Dividend yield | 1.06% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $2,290.0B | – |
| Sector / category | ETF · US Large Cap | Information Technology |
On the fund side, VTI sits in the Large Blend category at Vanguard, with $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | VTI | ZBRA |
|---|---|---|
| 2022 | -19.5% | -56.9% |
| 2023 | +26.0% | +6.6% |
| 2024 | +23.8% | +41.3% |
| 2025 | +17.1% | -37.1% |
| 2026 | +14.2% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTI and ZBRA good diversifiers for each other?
To a limited degree. At 0.57 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 VTI and ZBRA?
The VTI/ZBRA correlation stands at 0.57 on a 3-year window (1 year: 0.45, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is ZBRA a good diversifier for VTI?
To a limited degree. At 0.57 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 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vti-vs-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vti-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VTI correlations · ZBRA correlations
