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SPY correlations (SPDR S&P 500 ETF Trust)

SPY measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Large Cap

Volatility (ann.)
14.5%
3y weekly
Beta vs S&P 500
1.00
3y weekly
1-year return
+20.6%
price, adjusted
5-year return
+82.4%
price, adjusted
Expense ratio
0.09%
annual
Assets
$795.3B
under management
Dividend yield
1.01%
trailing
Max drawdown
-18.8%
3y, daily closes
-1%0%+21%2025-09-052026-08-27
SPY over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with SPY

AssetCorrelation (3Y)
VOOVanguard S&P 500 ETF1.00
IVViShares Core S&P 500 ETF1.00
VTIVanguard Total Stock Market ETF1.00
ACWIiShares MSCI ACWI ETF0.97
QUALiShares MSCI USA Quality Factor ETF0.97
VTVanguard Total World Stock ETF0.96
SPYGSPDR Portfolio S&P 500 Growth ETF0.96
VUGVanguard Growth ETF0.96
QQQMInvesco Nasdaq 100 ETF0.95
QQQInvesco QQQ Trust0.95
CSQCalamos Strategic Total Return Fund - Closed End Fund0.94
FFAFirst Trust Enhanced Equity Income Fund0.91
VIGVanguard Dividend Appreciation ETF0.91
ETYEaton Vance Tax-Managed Diversified Equity Income Fund0.91
XLKTechnology Select Sector SPDR Fund0.90

Best diversifiers for SPY

If the goal is offsetting SPY, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.87
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.78
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.74
EDConsolidated Edison-0.19
MACIMelar Acquisition Corp. I - Class A-0.17
ALMSAlumis Inc.-0.16
WHLRWheeler Real Estate Investment Trust, Inc.-0.15
VELOVelo3D, Inc.-0.15
EHGOEshallgo Inc. - Class A-0.15
ANNAAleAnna, Inc.-0.15

SPY vs benchmarks

SPY vs QQQ 0.95

SPY vs its peers

SPY vs VOO 1.00 SPY vs IVV 1.00 SPY vs VTI 1.00 SPY vs DIA 0.88 SPY vs RSP 0.85

Get SPY data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/spy.json

Correlations, diversifiers, beta and volatility for SPY, plus one endpoint per pair. API documentation.

SPY holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
SPY vs IVViShares Core S&P 500 ETF99.2%1.00
SPY vs VOOVanguard S&P 500 ETF97.2%1.00
SPY vs VTIVanguard Total Stock Market ETF88.6%1.00
SPY vs SPYGSPDR Portfolio S&P 500 Growth ETF65.7%0.96
SPY vs ACWIiShares MSCI ACWI ETF61.8%0.97
SPY vs SPYVSPDR Portfolio S&P 500 Value ETF59.7%0.84
SPY vs VTVanguard Total World Stock ETF57.6%0.96
SPY vs VUGVanguard Growth ETF56.8%0.96
SPY vs QQQInvesco QQQ Trust53.4%0.95
SPY vs QQQMInvesco Nasdaq 100 ETF53.4%0.95
SPY vs RSPInvesco S&P 500 Equal Weight ETF44.8%0.85
SPY vs QUALiShares MSCI USA Quality Factor ETF44.3%0.97
SPY vs VTVVanguard Value ETF43.7%0.79
SPY vs DGROiShares Core Dividend Growth ETF43.0%0.83
SPY vs VIGVanguard Dividend Appreciation ETF40.9%0.91
SPY vs XLKTechnology Select Sector SPDR Fund37.0%0.90
SPY vs USMViShares MSCI USA Min Vol Factor ETF35.2%0.75
SPY vs VYMVanguard High Dividend Yield ETF35.2%0.81
SPY vs DIASPDR Dow Jones Industrial Average ETF28.9%0.88
SPY vs MTUMiShares MSCI USA Momentum Factor ETF27.8%0.88
SPY vs SOXXiShares Semiconductor ETF16.8%0.79
SPY vs XLFFinancial Select Sector SPDR Fund12.4%0.75
SPY vs XLCCommunication Services Select Sector SPDR Fund9.6%0.82
SPY vs XLVHealth Care Select Sector SPDR Fund9.4%0.41
SPY vs XLYConsumer Discretionary Select Sector SPDR Fund9.1%0.85
SPY vs XLIIndustrial Select Sector SPDR Fund8.6%0.82
SPY vs SCHDSchwab US Dividend Equity ETF8.1%0.59
SPY vs XLPConsumer Staples Select Sector SPDR Fund4.6%0.30
SPY vs XLEEnergy Select Sector SPDR Fund3.4%0.17
SPY vs XLUUtilities Select Sector SPDR Fund2.0%0.24
SPY vs XLBMaterials Select Sector SPDR Fund1.9%0.62
SPY vs VNQVanguard Real Estate ETF1.8%0.51
SPY vs XLREReal Estate Select Sector SPDR Fund1.8%0.49
SPY vs IBBiShares Biotechnology ETF1.2%0.56
SPY vs VEAVanguard FTSE Developed Markets ETF1.2%0.76
SPY vs IEFAiShares Core MSCI EAFE ETF1.1%0.75
SPY vs EFAiShares MSCI EAFE ETF1.0%0.75
SPY vs EEMiShares MSCI Emerging Markets ETF0.1%0.69
SPY vs IEMGiShares Core MSCI Emerging Markets ETF0.1%0.70
SPY vs VWOVanguard FTSE Emerging Markets ETF0.1%0.71
SPY vs EWJiShares MSCI Japan ETF0%0.70
SPY vs FXIiShares China Large-Cap ETF0%0.39
SPY vs ICLNiShares Global Clean Energy ETF0.0%0.47
SPY vs IWMiShares Russell 2000 ETF0%0.77
SPY vs MDYSPDR S&P MidCap 400 ETF0%0.80