CCC vs SPY: Correlation
Measured on weekly returns over the past three years, CCC Intelligent Solutions Holdings Inc. (CCC) 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 CCC and SPY?
On 3 years of weekly data the CCC/SPY correlation comes out at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.30 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 172.8 %².
Among the 21 assets we track against CCC, SPY ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 43.3 percentage points (-22.7% for CCC against +20.6% for SPY). Note the risk asymmetry: CCC runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CCC vs SPY: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -22.7% | +20.6% |
| 5-year return | -30.0% | +82.4% |
| Volatility (ann.) | 39.5% | 14.5% |
| Beta vs S&P 500 | 0.83 | 1.00 |
| Max drawdown (3Y) | -68.4% | -18.8% |
| Market cap | $4.5B | – |
| P/E (trailing) | 108.6 | – |
| 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 | CCC | SPY |
|---|---|---|
| 2022 | -23.6% | -18.2% |
| 2023 | +30.9% | +26.2% |
| 2024 | +3.0% | +24.9% |
| 2025 | -32.2% | +17.7% |
| 2026 | -4.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC 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 CCC and SPY?
The CCC/SPY correlation stands at 0.30 on a 3-year window (1 year: 0.19, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CCC?
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?
On the −1 to +1 scale, 0.30 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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