CMPR vs SPY: Correlation
How closely do Cimpress plc (CMPR) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPR and SPY?
Across a 3-year window, the weekly returns of CMPR and SPY correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.36 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 217.8 %².
SPY is close to the least connected end of CMPR's tracked universe, ranking #7 of 11. The last year tells two different stories: CMPR led by 20.8 percentage points, +41.4% for CMPR against +20.6% for SPY. One caveat on sizing: CMPR is 2.9 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.
CMPR vs SPY: side by side
| CMPR (Cimpress plc) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +41.4% | +20.6% |
| 5-year return | -5.1% | +82.4% |
| Volatility (ann.) | 41.5% | 14.5% |
| Beta vs S&P 500 | 1.04 | 1.00 |
| Max drawdown (3Y) | -61.2% | -18.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | 23.1 | – |
| 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 | CMPR | SPY |
|---|---|---|
| 2022 | -61.4% | -18.2% |
| 2023 | +189.9% | +26.2% |
| 2024 | -10.4% | +24.9% |
| 2025 | -7.2% | +17.7% |
| 2026 | +33.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPR and SPY good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMPR and SPY?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.25 over the last year and 0.42 over 5 years.
Is SPY a good diversifier for CMPR?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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: CMPR correlations · SPY correlations
