EPD vs SPY: Correlation
Measured on weekly returns over the past three years, Enterprise Products Partners L.P. (EPD) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPD and SPY?
Across a 3-year window, the weekly returns of EPD and SPY correlate at 0.13, weak. The past 12 months show a weaker link (-0.35) than the 3-year average (0.13). Stretching to 5 years gives 0.27, with an annualized covariance of 32.0 %².
SPY is close to the least connected end of EPD's tracked universe, ranking #8 of 12. On 12-month performance EPD holds a 10.9-point edge, +31.5% against +20.6%.
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.
EPD vs SPY: side by side
| EPD (Enterprise Products Partners L.P.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +31.5% | +20.6% |
| 5-year return | +150.0% | +82.4% |
| Volatility (ann.) | 16.4% | 14.5% |
| Beta vs S&P 500 | 0.15 | 1.00 |
| Max drawdown (3Y) | -15.4% | -18.8% |
| Market cap | $84.3B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 5.63% | 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 | EPD | SPY |
|---|---|---|
| 2022 | +18.3% | -18.2% |
| 2023 | +17.7% | +26.2% |
| 2024 | +28.0% | +24.9% |
| 2025 | +9.5% | +17.7% |
| 2026 | +27.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPD and SPY good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EPD and SPY?
As of 2026-08-27, the correlation of weekly returns between EPD and SPY is 0.13 over 3 years, -0.35 over 1 year and 0.27 over 5 years.
Is SPY a good diversifier for EPD?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 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: EPD correlations · SPY correlations
