EPRT vs SPY: Correlation
Essential Properties Realty Trust, Inc. (EPRT) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRT and SPY?
Over the past 3 years, EPRT and SPY moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.10) than the 3-year average (0.29). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 83.5 %².
Among the 17 assets we track against EPRT, SPY sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with SPY ahead by 19.4 points (+1.2% versus +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.
EPRT vs SPY: side by side
| EPRT (Essential Properties Realty Trust, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +1.2% | +20.6% |
| 5-year return | +16.4% | +82.4% |
| Volatility (ann.) | 20.1% | 14.5% |
| Beta vs S&P 500 | 0.40 | 1.00 |
| Max drawdown (3Y) | -15.5% | -18.8% |
| Market cap | $6.6B | – |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 4.04% | 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 | EPRT | SPY |
|---|---|---|
| 2022 | -14.6% | -18.2% |
| 2023 | +14.2% | +26.2% |
| 2024 | +27.3% | +24.9% |
| 2025 | -1.4% | +17.7% |
| 2026 | +4.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRT and SPY good diversifiers for each other?
Reasonably. At 0.29, EPRT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EPRT and SPY?
The EPRT/SPY correlation stands at 0.29 on a 3-year window (1 year: 0.10, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for EPRT?
Reasonably. At 0.29, EPRT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: EPRT correlations · SPY correlations
