ENTG vs SPY: Correlation
Measured on weekly returns over the past three years, Entegris, Inc. (ENTG) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTG and SPY?
Over the past 3 years, ENTG and SPY moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 452.9 %².
Among the 23 assets we track against ENTG, SPY ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ENTG ahead by 53.0 points (+73.6% versus +20.6%). Risk is not evenly split, since ENTG carries 3.7 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.
ENTG vs SPY: side by side
| ENTG (Entegris, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +73.6% | +20.6% |
| 5-year return | +22.7% | +82.4% |
| Volatility (ann.) | 53.0% | 14.5% |
| Beta vs S&P 500 | 2.17 | 1.00 |
| Max drawdown (3Y) | -56.9% | -18.8% |
| Market cap | $22.2B | – |
| P/E (trailing) | 71.6 | – |
| Dividend yield | 0.28% | 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 | ENTG | SPY |
|---|---|---|
| 2022 | -52.5% | -18.2% |
| 2023 | +83.5% | +26.2% |
| 2024 | -17.1% | +24.9% |
| 2025 | -14.6% | +17.7% |
| 2026 | +72.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTG and SPY good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ENTG and SPY?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.52 over the last year and 0.62 over 5 years.
Is SPY a good diversifier for ENTG?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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: ENTG correlations · SPY correlations
