ADNT vs SPY: Correlation
Adient plc (ADNT) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADNT and SPY?
Over the past 3 years, ADNT and SPY moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 218.6 %².
Within ADNT's tracked universe of 16 assets, SPY comes in at #11 by 3-year correlation. The last year tells two different stories: SPY led by 46.9 percentage points, -26.3% for ADNT against +20.6% for SPY. Risk is not evenly split, since ADNT carries 3.0 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.
ADNT vs SPY: side by side
| ADNT (Adient plc) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -26.3% | +20.6% |
| 5-year return | -53.1% | +82.4% |
| Volatility (ann.) | 43.0% | 14.5% |
| Beta vs S&P 500 | 1.05 | 1.00 |
| Max drawdown (3Y) | -74.4% | -18.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 34.2 | – |
| Dividend yield | 0.00% | 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 | ADNT | SPY |
|---|---|---|
| 2022 | -27.5% | -18.2% |
| 2023 | +4.8% | +26.2% |
| 2024 | -52.6% | +24.9% |
| 2025 | +11.3% | +17.7% |
| 2026 | -1.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADNT and SPY good diversifiers for each other?
Reasonably. At 0.35, ADNT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADNT and SPY?
As of 2026-08-27, the correlation of weekly returns between ADNT and SPY is 0.35 over 3 years, 0.28 over 1 year and 0.49 over 5 years.
Is SPY a good diversifier for ADNT?
Reasonably. At 0.35, ADNT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ADNT correlations · SPY correlations
