CPRT vs SPYV: Correlation
How closely do Copart (CPRT) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and SPYV?
On 3 years of weekly data the CPRT/SPYV correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.49 over 3. The 5-year figure is 0.55, and annualized covariance runs at 154.7 %².
By 3-year correlation, SPYV places #9 of the 35 assets tracked against CPRT. The last year tells two different stories: SPYV led by 51.1 percentage points, -32.6% for CPRT against +18.5% for SPYV. Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.68. Risk is not evenly split, since CPRT 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.
CPRT vs SPYV: side by side
| CPRT (Copart) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | -32.6% | +18.5% |
| 5-year return | -9.3% | +73.5% |
| Volatility (ann.) | 26.0% | 12.1% |
| Beta vs S&P 500 | 0.86 | 0.70 |
| Max drawdown (3Y) | -57.4% | -17.5% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Industrials | 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 | CPRT | SPYV |
|---|---|---|
| 2022 | -19.7% | -5.3% |
| 2023 | +60.9% | +22.2% |
| 2024 | +17.1% | +12.2% |
| 2025 | -31.8% | +13.2% |
| 2026 | -16.3% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYV holds CPRT at a 0.1% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are CPRT and SPYV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPRT and SPYV?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.39 over the last year and 0.55 over 5 years.
Is SPYV a good diversifier for CPRT?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/cprt-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cprt-vs-spyv/)
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Related comparisons
Hubs: CPRT correlations · SPYV correlations
