EPC vs SPY: Correlation
How closely do Edgewell Personal Care Company (EPC) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPC and SPY?
Across a 3-year window, the weekly returns of EPC and SPY correlate at 0.16, weak. The past 12 months show a weaker link (-0.06) than the 3-year average (0.16). Stretching to 5 years gives 0.31, with an annualized covariance of 85.0 %².
Within EPC's tracked universe of 18 assets, SPY comes in at #13 by 3-year correlation. The trailing year gives EPC the advantage: +25.6% versus +20.6%, a 5.0-point spread. One caveat on sizing: EPC 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.
EPC vs SPY: side by side
| EPC (Edgewell Personal Care Company) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +25.6% | +20.6% |
| 5-year return | -25.7% | +82.4% |
| Volatility (ann.) | 37.3% | 14.5% |
| Beta vs S&P 500 | 0.41 | 1.00 |
| Max drawdown (3Y) | -60.1% | -18.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.09% | 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 | EPC | SPY |
|---|---|---|
| 2022 | -14.3% | -18.2% |
| 2023 | -3.5% | +26.2% |
| 2024 | -6.8% | +24.9% |
| 2025 | -47.9% | +17.7% |
| 2026 | +70.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPC and SPY good diversifiers for each other?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EPC and SPY?
As of 2026-08-27, the correlation of weekly returns between EPC and SPY is 0.16 over 3 years, -0.06 over 1 year and 0.31 over 5 years.
Is SPY a good diversifier for EPC?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.16 mean?
A reading of 0.16 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/epc-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/epc-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPC correlations · SPY correlations
