CHTR vs SPY: Correlation
How closely do Charter Communications (CHTR) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and SPY?
On 3 years of weekly data the CHTR/SPY correlation comes out at 0.26, weak. The past 12 months show a weaker link (0.12) than the 3-year average (0.26). The 5-year figure is 0.36, and annualized covariance runs at 154.4 %².
By 3-year correlation, SPY places #21 of the 35 assets tracked against CHTR. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 65.5 percentage points (-44.9% for CHTR against +20.6% for SPY). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.09 to 0.68. One caveat on sizing: CHTR is 2.8 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.
CHTR vs SPY: side by side
| CHTR (Charter Communications) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -44.9% | +20.6% |
| 5-year return | -81.8% | +82.4% |
| Volatility (ann.) | 41.3% | 14.5% |
| Beta vs S&P 500 | 0.74 | 1.00 |
| Max drawdown (3Y) | -72.9% | -18.8% |
| Market cap | $20.0B | – |
| P/E (trailing) | 4.0 | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Communication Services | 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 | CHTR | SPY |
|---|---|---|
| 2022 | -48.0% | -18.2% |
| 2023 | +14.6% | +26.2% |
| 2024 | -11.8% | +24.9% |
| 2025 | -39.1% | +17.7% |
| 2026 | -28.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and SPY good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHTR and SPY?
As of 2026-08-27, the correlation of weekly returns between CHTR and SPY is 0.26 over 3 years, 0.12 over 1 year and 0.36 over 5 years.
Is SPY a good diversifier for CHTR?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chtr-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chtr-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHTR correlations · SPY correlations
