ADEA vs SPY: Correlation
Adeia Inc. (ADEA) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADEA and SPY?
Over the past 3 years, ADEA and SPY moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 230.7 %².
Out of 12 assets tracked against ADEA, SPY lands near the bottom at #8. The last year tells two different stories: ADEA led by 49.6 percentage points, +70.2% for ADEA against +20.6% for SPY. Risk is not evenly split, since ADEA carries 3.3 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.
ADEA vs SPY: side by side
| ADEA (Adeia Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +70.2% | +20.6% |
| 5-year return | +208.1% | +82.4% |
| Volatility (ann.) | 48.4% | 14.5% |
| Beta vs S&P 500 | 1.10 | 1.00 |
| Max drawdown (3Y) | -34.8% | -18.8% |
| Market cap | $2.9B | – |
| P/E (trailing) | 24.1 | – |
| Dividend yield | 0.77% | 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 | ADEA | SPY |
|---|---|---|
| 2022 | +18.5% | -18.2% |
| 2023 | +33.5% | +26.2% |
| 2024 | +14.8% | +24.9% |
| 2025 | +25.2% | +17.7% |
| 2026 | +52.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and SPY good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADEA and SPY?
As of 2026-08-27, the correlation of weekly returns between ADEA and SPY is 0.33 over 3 years, 0.26 over 1 year and 0.31 over 5 years.
Is SPY a good diversifier for ADEA?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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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Related comparisons
Hubs: ADEA correlations · SPY correlations
