CSX vs SPYV: Correlation
How closely do CSX Corporation (CSX) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and SPYV?
On 3 years of weekly data the CSX/SPYV correlation comes out at 0.60, strong. The past 12 months show a weaker link (0.41) than the 3-year average (0.60). The 5-year figure is 0.62, and annualized covariance runs at 142.3 %².
By 3-year correlation, SPYV places #7 of the 30 assets tracked against CSX. Their recent paths diverged sharply: over the last 12 months CSX outperformed by 42.1 percentage points (+60.6% for CSX against +18.5% for SPYV). Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.79. Risk is not evenly split, since CSX carries 1.6 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.
CSX vs SPYV: side by side
| CSX (CSX Corporation) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +60.6% | +18.5% |
| 5-year return | +66.2% | +73.5% |
| Volatility (ann.) | 19.7% | 12.1% |
| Beta vs S&P 500 | 0.62 | 0.70 |
| Max drawdown (3Y) | -29.4% | -17.5% |
| Market cap | $95.5B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 1.04% | 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 | CSX | SPYV |
|---|---|---|
| 2022 | -16.6% | -5.3% |
| 2023 | +13.5% | +22.2% |
| 2024 | -5.6% | +12.2% |
| 2025 | +14.1% | +13.2% |
| 2026 | +43.1% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
CSX represents 0.32% of SPYV's portfolio, so part of any move in SPYV is CSX itself, and the correlation between them is partly mechanical.
Are CSX and SPYV good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSX and SPYV?
As of 2026-08-27, the correlation of weekly returns between CSX and SPYV is 0.60 over 3 years, 0.41 over 1 year and 0.62 over 5 years.
Is SPYV a good diversifier for CSX?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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/csx-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csx-vs-spyv/)
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Related comparisons
Hubs: CSX correlations · SPYV correlations
