EPM vs SPY: Correlation
Evolution Petroleum Corporation, Inc. (EPM) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPM and SPY?
Across a 3-year window, the weekly returns of EPM and SPY correlate at 0.21, weak. The past 12 months show a weaker link (-0.16) than the 3-year average (0.21). Stretching to 5 years gives 0.16, with an annualized covariance of 103.8 %².
Among the 10 assets we track against EPM, SPY sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 42.4 percentage points (-21.8% for EPM against +20.6% for SPY). Risk is not evenly split, since EPM carries 2.4 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.
EPM vs SPY: side by side
| EPM (Evolution Petroleum Corporation, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -21.8% | +20.6% |
| 5-year return | +28.8% | +82.4% |
| Volatility (ann.) | 34.3% | 14.5% |
| Beta vs S&P 500 | 0.50 | 1.00 |
| Max drawdown (3Y) | -55.2% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 14.04% | 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 | EPM | SPY |
|---|---|---|
| 2022 | +58.7% | -18.2% |
| 2023 | -17.3% | +26.2% |
| 2024 | -2.0% | +24.9% |
| 2025 | -25.2% | +17.7% |
| 2026 | +6.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPM and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EPM and SPY?
The EPM/SPY correlation stands at 0.21 on a 3-year window (1 year: -0.16, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for EPM?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 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/epm-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/epm-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPM correlations · SPY correlations
