ADSK vs SPY: Correlation
Autodesk (ADSK) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and SPY?
Across a 3-year window, the weekly returns of ADSK and SPY correlate at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.49 over 3 years. Stretching to 5 years gives 0.66, with an annualized covariance of 216.7 %².
By 3-year correlation, SPY places #29 of the 44 assets tracked against ADSK. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 26.0 percentage points (-5.4% for ADSK against +20.6% for SPY). The relationship is regime-dependent: the rolling one-year correlation swung between 0.24 and 0.79 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since ADSK carries 2.1 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.
ADSK vs SPY: side by side
| ADSK (Autodesk) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -5.4% | +20.6% |
| 5-year return | -13.7% | +82.4% |
| Volatility (ann.) | 30.9% | 14.5% |
| Beta vs S&P 500 | 1.04 | 1.00 |
| Max drawdown (3Y) | -42.6% | -18.8% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Information Technology | 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 | ADSK | SPY |
|---|---|---|
| 2022 | -33.5% | -18.2% |
| 2023 | +30.3% | +26.2% |
| 2024 | +21.4% | +24.9% |
| 2025 | +0.1% | +17.7% |
| 2026 | -8.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.08% of SPY is ADSK itself, so the fund partly moves with the stock by construction.
Are ADSK and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADSK and SPY?
The ADSK/SPY correlation stands at 0.49 on a 3-year window (1 year: 0.28, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for ADSK?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ADSK correlations · SPY correlations
