CRUS vs SPY: Correlation
Measured on weekly returns over the past three years, Cirrus Logic, Inc. (CRUS) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRUS and SPY?
Over the past 3 years, CRUS and SPY moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 280.4 %².
By 3-year correlation, SPY places #8 of the 14 assets tracked against CRUS. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 26.0 percentage points (-5.4% for CRUS against +20.6% for SPY). One caveat on sizing: CRUS is 2.6 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.
CRUS vs SPY: side by side
| CRUS (Cirrus Logic, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -5.4% | +20.6% |
| 5-year return | +29.6% | +82.4% |
| Volatility (ann.) | 37.5% | 14.5% |
| Beta vs S&P 500 | 1.34 | 1.00 |
| Max drawdown (3Y) | -46.9% | -18.8% |
| Market cap | $5.6B | – |
| P/E (trailing) | 13.5 | – |
| 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 | CRUS | SPY |
|---|---|---|
| 2022 | -19.1% | -18.2% |
| 2023 | +11.7% | +26.2% |
| 2024 | +19.7% | +24.9% |
| 2025 | +19.0% | +17.7% |
| 2026 | -6.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRUS and SPY good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRUS and SPY?
The CRUS/SPY correlation stands at 0.52 on a 3-year window (1 year: 0.45, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CRUS?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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: CRUS correlations · SPY correlations
