ARVN vs SPY: Correlation
Measured on weekly returns over the past three years, Arvinas, Inc. (ARVN) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARVN and SPY?
Across a 3-year window, the weekly returns of ARVN and SPY correlate at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 323.4 %².
Out of 18 assets tracked against ARVN, SPY lands near the bottom at #14. Over the last 12 months SPY came out ahead by 6.2 percentage points (+14.4% against +20.6%). Risk is not evenly split, since ARVN carries 5.1 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.
ARVN vs SPY: side by side
| ARVN (Arvinas, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +14.4% | +20.6% |
| 5-year return | -89.2% | +82.4% |
| Volatility (ann.) | 73.6% | 14.5% |
| Beta vs S&P 500 | 1.55 | 1.00 |
| Max drawdown (3Y) | -88.4% | -18.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 35.5 | – |
| 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 | ARVN | SPY |
|---|---|---|
| 2022 | -58.4% | -18.2% |
| 2023 | +20.3% | +26.2% |
| 2024 | -53.4% | +24.9% |
| 2025 | -38.1% | +17.7% |
| 2026 | -22.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARVN and SPY good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARVN and SPY?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.33 over the last year and 0.32 over 5 years.
Is SPY a good diversifier for ARVN?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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: ARVN correlations · SPY correlations
