ACI vs SPY: Correlation
Albertsons Companies, Inc. (ACI) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACI and SPY?
On 3 years of weekly data the ACI/SPY correlation comes out at 0.04, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 16.4 %².
Among the 23 assets we track against ACI, SPY ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 55.3 percentage points (-34.7% for ACI against +20.6% for SPY). One caveat on sizing: ACI is 1.9 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.
ACI vs SPY: side by side
| ACI (Albertsons Companies, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -34.7% | +20.6% |
| 5-year return | -36.3% | +82.4% |
| Volatility (ann.) | 26.9% | 14.5% |
| Beta vs S&P 500 | 0.08 | 1.00 |
| Max drawdown (3Y) | -49.1% | -18.8% |
| Market cap | $5.9B | – |
| P/E (trailing) | 76.4 | – |
| Dividend yield | 5.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | ACI | SPY |
|---|---|---|
| 2022 | -6.8% | -18.2% |
| 2023 | +13.4% | +26.2% |
| 2024 | -12.5% | +24.9% |
| 2025 | -10.0% | +17.7% |
| 2026 | -26.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACI and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACI and SPY?
The ACI/SPY correlation stands at 0.04 on a 3-year window (1 year: 0.05, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for ACI?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 mean?
A reading of 0.04 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: ACI correlations · SPY correlations
