Visa Inc. Class A (V)
Daily ERM3 factor decomposition: how much of V's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $407.92
- Market cap
- $727.9B
- 23-day vol
- 19.0%
- Sector proxy
- XLF
- Subsector proxy
- IYG
Risk DNA
45% of V's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
V carries 55% stock-specific risk against a peer average of 83% — less of what happens here is specific to this name than is typical for its cohort.
ETF hedge ratios
Dollars of ETF to short per $1 of V held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLF) | Subsector (IYG) | Explained risk |
|---|---|---|---|---|
| L1 | $-0.19 | — | — | 2.9% |
| L2 | $0.46 | $-1.06 | — | 40.2% |
| L3 | $0.07 | $-2.44 | $1.66 | 44.8% |
Data as of October 24, 2026. Updated daily from the ERM3 pipeline.
13F filers holding V
From the most recent quarterly 13F filings in our tracked filer universe, largest reported position first.
Browse every tracked 13F filer.
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