COO vs SPYV: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and SPYV?
On 3 years of weekly data the COO/SPYV correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.55). The 5-year figure is 0.60, and annualized covariance runs at 183.6 %².
Among the 38 assets we track against COO, SPYV ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPYV outperformed by 22.8 percentage points (-4.3% for COO against +18.5% for SPYV). The rolling one-year correlation moved between 0.41 and 0.71 over the past three years, a moderate range. Note the risk asymmetry: COO runs 2.3 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.
COO vs SPYV: side by side
| COO (Cooper Companies (The)) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | -4.3% | +18.5% |
| 5-year return | -36.8% | +73.5% |
| Volatility (ann.) | 27.7% | 12.1% |
| Beta vs S&P 500 | 0.69 | 0.70 |
| Max drawdown (3Y) | -47.0% | -17.5% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Health Care | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | COO | SPYV |
|---|---|---|
| 2022 | -21.1% | -5.3% |
| 2023 | +14.5% | +22.2% |
| 2024 | -2.8% | +12.2% |
| 2025 | -10.8% | +13.2% |
| 2026 | -13.4% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and SPYV good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COO and SPYV?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.41 over the last year and 0.60 over 5 years.
Is SPYV a good diversifier for COO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coo-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/coo-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COO correlations · SPYV correlations
