AMP vs SPYV: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and SPYV?
Over the past 3 years, AMP and SPYV moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.40) than the 3-year average (0.68). Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 206.2 %².
Within AMP's tracked universe of 34 assets, SPYV comes in at #8 by 3-year correlation. Over the last 12 months SPYV came out ahead by 9.8 percentage points (+8.7% against +18.5%). On a rolling one-year basis the correlation drifted between 0.38 and 0.84, a moderate band. Risk is not evenly split, since AMP 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.
AMP vs SPYV: side by side
| AMP (Ameriprise Financial) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +8.7% | +18.5% |
| 5-year return | +119.2% | +73.5% |
| Volatility (ann.) | 25.0% | 12.1% |
| Beta vs S&P 500 | 1.09 | 0.70 |
| Max drawdown (3Y) | -26.4% | -17.5% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Financials | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | AMP | SPYV |
|---|---|---|
| 2022 | +5.0% | -5.3% |
| 2023 | +24.0% | +22.2% |
| 2024 | +42.1% | +12.2% |
| 2025 | -6.7% | +13.2% |
| 2026 | +14.5% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYV holds AMP at a 0.17% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AMP and SPYV good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMP and SPYV?
The AMP/SPYV correlation stands at 0.68 on a 3-year window (1 year: 0.40, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is SPYV a good diversifier for AMP?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amp-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMP correlations · SPYV correlations
