AVD vs SPY: Correlation
American Vanguard Corporation (AVD) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVD and SPY?
On 3 years of weekly data the AVD/SPY correlation comes out at 0.27, weak. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 252.1 %².
Out of 10 assets tracked against AVD, SPY lands near the bottom at #6. The last year tells two different stories: SPY led by 80.2 percentage points, -59.6% for AVD against +20.6% for SPY. One caveat on sizing: AVD is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AVD vs SPY: side by side
| AVD (American Vanguard Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -59.6% | +20.6% |
| 5-year return | -85.5% | +82.4% |
| Volatility (ann.) | 64.9% | 14.5% |
| Beta vs S&P 500 | 1.21 | 1.00 |
| Max drawdown (3Y) | -85.7% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | AVD | SPY |
|---|---|---|
| 2022 | +33.1% | -18.2% |
| 2023 | -49.0% | +26.2% |
| 2024 | -57.5% | +24.9% |
| 2025 | -17.5% | +17.7% |
| 2026 | -42.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVD and SPY good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVD and SPY?
As of 2026-08-27, the correlation of weekly returns between AVD and SPY is 0.27 over 3 years, 0.31 over 1 year and 0.26 over 5 years.
Is SPY a good diversifier for AVD?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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: AVD correlations · SPY correlations
