AAPL vs SPYG: Correlation
How closely do Apple Inc. (AAPL) and SPDR Portfolio S&P 500 Growth ETF (SPYG) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and SPYG?
Across a 3-year window, the weekly returns of AAPL and SPYG correlate at 0.54, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.54). Stretching to 5 years gives 0.67, with an annualized covariance of 275.9 %².
Within AAPL's tracked universe of 32 assets, SPYG comes in at #9 by 3-year correlation. The trailing year gives AAPL the advantage: +37.0% versus +22.4%, a 14.6-point spread. The rolling one-year correlation moved between 0.34 and 0.84 over the past three years, a moderate range.
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.
AAPL vs SPYG: side by side
| AAPL (Apple Inc.) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +37.0% | +22.4% |
| 5-year return | +110.6% | +85.9% |
| Volatility (ann.) | 27.2% | 18.9% |
| Beta vs S&P 500 | 1.06 | 1.25 |
| Max drawdown (3Y) | -33.4% | -22.1% |
| Market cap | $4,591.0B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Information Technology | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | AAPL | SPYG |
|---|---|---|
| 2022 | -26.4% | -29.4% |
| 2023 | +49.0% | +30.0% |
| 2024 | +30.7% | +36.0% |
| 2025 | +9.1% | +22.1% |
| 2026 | +16.0% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYG holds AAPL at a 6.44% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AAPL and SPYG good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AAPL and SPYG?
The AAPL/SPYG correlation stands at 0.54 on a 3-year window (1 year: 0.33, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is SPYG a good diversifier for AAPL?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/aapl-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aapl-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAPL correlations · SPYG correlations
