CENT vs SPY: Correlation
Central Garden & Pet Company (CENT) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENT and SPY?
Across a 3-year window, the weekly returns of CENT and SPY correlate at 0.20, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 88.4 %².
Within CENT's tracked universe of 12 assets, SPY comes in at #7 by 3-year correlation. Their 12-month results are close: +20.8% for CENT against +20.6% for SPY. Risk is not evenly split, since CENT 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.
CENT vs SPY: side by side
| CENT (Central Garden & Pet Company) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +20.8% | +20.6% |
| 5-year return | +19.0% | +82.4% |
| Volatility (ann.) | 29.9% | 14.5% |
| Beta vs S&P 500 | 0.42 | 1.00 |
| Max drawdown (3Y) | -38.8% | -18.8% |
| Market cap | $2.7B | – |
| P/E (trailing) | 16.4 | – |
| 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 | CENT | SPY |
|---|---|---|
| 2022 | -28.8% | -18.2% |
| 2023 | +33.8% | +26.2% |
| 2024 | -1.1% | +24.9% |
| 2025 | -17.1% | +17.7% |
| 2026 | +35.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENT and SPY good diversifiers for each other?
Reasonably. At 0.20, CENT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CENT and SPY?
The CENT/SPY correlation stands at 0.20 on a 3-year window (1 year: 0.17, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CENT?
Reasonably. At 0.20, CENT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 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: CENT correlations · SPY correlations
