FC vs SPY: Correlation
Franklin Covey Company (FC) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FC and SPY?
On 3 years of weekly data the FC/SPY correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 232.2 %².
SPY is close to the least connected end of FC's tracked universe, ranking #11 of 15. The last year tells two different stories: SPY led by 17.2 percentage points, +3.4% for FC against +20.6% for SPY. Risk is not evenly split, since FC carries 3.6 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.
FC vs SPY: side by side
| FC (Franklin Covey Company) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +3.4% | +20.6% |
| 5-year return | -52.7% | +82.4% |
| Volatility (ann.) | 52.1% | 14.5% |
| Beta vs S&P 500 | 1.11 | 1.00 |
| Max drawdown (3Y) | -74.0% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 135.7 | – |
| Dividend yield | 0.00% | 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 | FC | SPY |
|---|---|---|
| 2022 | +0.9% | -18.2% |
| 2023 | -6.9% | +26.2% |
| 2024 | -13.7% | +24.9% |
| 2025 | -55.3% | +17.7% |
| 2026 | +21.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FC and SPY good diversifiers for each other?
Reasonably. At 0.31, FC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FC and SPY?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.23 over the last year and 0.33 over 5 years.
Is SPY a good diversifier for FC?
Reasonably. At 0.31, FC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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: FC correlations · SPY correlations
