VTV vs WAB: Correlation
Measured on weekly returns over the past three years, Vanguard Value ETF (VTV) and Wabtec (WAB) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTV and WAB?
Over the past 3 years, VTV and WAB moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.50) than the 3-year average (0.63). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 191.5 %².
Within VTV's tracked universe of 149 assets, WAB comes in at #58 by 3-year correlation. The last year tells two different stories: WAB led by 27.2 percentage points, +25.7% for VTV against +52.9% for WAB. On a rolling one-year basis the correlation drifted between 0.50 and 0.81, a moderate band. Risk is not evenly split, since WAB carries 2.1 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.
VTV vs WAB: side by side
| VTV (Vanguard Value ETF) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | +25.7% | +52.9% |
| 5-year return | +79.1% | +241.0% |
| Volatility (ann.) | 11.9% | 25.3% |
| Beta vs S&P 500 | 0.65 | 0.99 |
| Max drawdown (3Y) | -14.5% | -23.6% |
| Market cap | – | $50.2B |
| P/E (trailing) | – | 40.5 |
| Dividend yield | 1.86% | 0.37% |
| Expense ratio | 0.03% | – |
| Assets under management | $256.4B | – |
| Sector / category | ETF · US Style | Industrials |
VTV, Vanguard's Large Value fund, carries $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | VTV | WAB |
|---|---|---|
| 2022 | -2.1% | +9.1% |
| 2023 | +9.3% | +28.0% |
| 2024 | +16.0% | +50.1% |
| 2025 | +15.3% | +13.2% |
| 2026 | +19.3% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.18% of VTV is WAB itself, so the fund partly moves with the stock by construction.
Are VTV and WAB good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between VTV and WAB?
As of 2026-08-27, the correlation of weekly returns between VTV and WAB is 0.63 over 3 years, 0.50 over 1 year and 0.67 over 5 years.
Is WAB a good diversifier for VTV?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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/vtv-vs-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vtv-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VTV correlations · WAB correlations
