CENTA vs SPY: Correlation
Central Garden & Pet Company (CENTA) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENTA and SPY?
Across a 3-year window, the weekly returns of CENTA and SPY correlate at 0.22, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.22 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 88.2 %².
Among the 13 assets we track against CENTA, SPY ranks #8 by 3-year correlation. Over the last 12 months SPY came out ahead by 5.1 percentage points (+15.5% against +20.6%). Note the risk asymmetry: CENTA runs 1.9 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.
CENTA vs SPY: side by side
| CENTA (Central Garden & Pet Company) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +15.5% | +20.6% |
| 5-year return | +10.9% | +82.4% |
| Volatility (ann.) | 28.2% | 14.5% |
| Beta vs S&P 500 | 0.42 | 1.00 |
| Max drawdown (3Y) | -35.7% | -18.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.2 | – |
| 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 | CENTA | SPY |
|---|---|---|
| 2022 | -25.2% | -18.2% |
| 2023 | +23.0% | +26.2% |
| 2024 | -6.2% | +24.9% |
| 2025 | -11.7% | +17.7% |
| 2026 | +29.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENTA and SPY good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CENTA and SPY?
As of 2026-08-27, the correlation of weekly returns between CENTA and SPY is 0.22 over 3 years, 0.19 over 1 year and 0.36 over 5 years.
Is SPY a good diversifier for CENTA?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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: CENTA correlations · SPY correlations
