CRSR vs SPY: Correlation
How closely do Corsair Gaming, Inc. (CRSR) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSR and SPY?
Across a 3-year window, the weekly returns of CRSR and SPY correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 463.1 %².
Among the 19 assets we track against CRSR, SPY ranks #13 by 3-year correlation. The trailing year gives CRSR the advantage: +35.5% versus +20.6%, a 14.9-point spread. Note the risk asymmetry: CRSR runs 4.9 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.
CRSR vs SPY: side by side
| CRSR (Corsair Gaming, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +35.5% | +20.6% |
| 5-year return | -57.7% | +82.4% |
| Volatility (ann.) | 71.0% | 14.5% |
| Beta vs S&P 500 | 2.22 | 1.00 |
| Max drawdown (3Y) | -71.3% | -18.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 38.6 | – |
| 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 | CRSR | SPY |
|---|---|---|
| 2022 | -35.4% | -18.2% |
| 2023 | +3.9% | +26.2% |
| 2024 | -53.1% | +24.9% |
| 2025 | -10.1% | +17.7% |
| 2026 | +101.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSR and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRSR and SPY?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.44 over the last year and 0.49 over 5 years.
Is SPY a good diversifier for CRSR?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CRSR correlations · SPY correlations
