EXPD vs SPYV: Correlation
Measured on weekly returns over the past three years, Expeditors International (EXPD) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and SPYV?
On 3 years of weekly data the EXPD/SPYV correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.47). The 5-year figure is 0.56, and annualized covariance runs at 137.4 %².
By 3-year correlation, SPYV places #9 of the 33 assets tracked against EXPD. The last year tells two different stories: EXPD led by 39.0 percentage points, +57.5% for EXPD against +18.5% for SPYV. Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.69. Note the risk asymmetry: EXPD runs 2.0 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.
EXPD vs SPYV: side by side
| EXPD (Expeditors International) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +57.5% | +18.5% |
| 5-year return | +60.9% | +73.5% |
| Volatility (ann.) | 24.2% | 12.1% |
| Beta vs S&P 500 | 0.65 | 0.70 |
| Max drawdown (3Y) | -21.3% | -17.5% |
| Market cap | $24.8B | – |
| P/E (trailing) | 27.7 | – |
| Dividend yield | 0.83% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Industrials | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | EXPD | SPYV |
|---|---|---|
| 2022 | -21.7% | -5.3% |
| 2023 | +23.9% | +22.2% |
| 2024 | -11.9% | +12.2% |
| 2025 | +36.2% | +13.2% |
| 2026 | +28.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.08% of SPYV is EXPD itself, so the fund partly moves with the stock by construction.
Are EXPD and SPYV good diversifiers for each other?
Reasonably. At 0.47, EXPD and SPYV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXPD and SPYV?
As of 2026-08-27, the correlation of weekly returns between EXPD and SPYV is 0.47 over 3 years, 0.30 over 1 year and 0.56 over 5 years.
Is SPYV a good diversifier for EXPD?
Reasonably. At 0.47, EXPD and SPYV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/expd-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expd-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXPD correlations · SPYV correlations
