EVC vs SPY: Correlation
How closely do Entravision Communications Corporation (EVC) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and SPY?
On 3 years of weekly data the EVC/SPY correlation comes out at 0.17, weak. The relationship has been stable: the 1-year correlation (0.14) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 197.0 %².
By 3-year correlation, SPY places #9 of the 19 assets tracked against EVC. Their recent paths diverged sharply: over the last 12 months EVC outperformed by 211.5 percentage points (+232.1% for EVC against +20.6% for SPY). Note the risk asymmetry: EVC runs 5.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EVC vs SPY: side by side
| EVC (Entravision Communications Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +232.1% | +20.6% |
| 5-year return | +53.1% | +82.4% |
| Volatility (ann.) | 82.5% | 14.5% |
| Beta vs S&P 500 | 0.94 | 1.00 |
| Max drawdown (3Y) | -67.4% | -18.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 404.5 | – |
| Dividend yield | 2.50% | 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 | EVC | SPY |
|---|---|---|
| 2022 | -27.8% | -18.2% |
| 2023 | -9.2% | +26.2% |
| 2024 | -37.6% | +24.9% |
| 2025 | +35.8% | +17.7% |
| 2026 | +182.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVC and SPY?
As of 2026-08-27, the correlation of weekly returns between EVC and SPY is 0.17 over 3 years, 0.14 over 1 year and 0.27 over 5 years.
Is SPY a good diversifier for EVC?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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: EVC correlations · SPY correlations
