FICO vs SPY: Correlation
Measured on weekly returns over the past three years, Fair Isaac (FICO) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FICO and SPY?
Across a 3-year window, the weekly returns of FICO and SPY correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.41 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 266.0 %².
Within FICO's tracked universe of 30 assets, SPY comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 39.1 percentage points (-18.5% for FICO against +20.6% for SPY). Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.63. Note the risk asymmetry: FICO runs 3.1 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.
FICO vs SPY: side by side
| FICO (Fair Isaac) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -18.5% | +20.6% |
| 5-year return | +154.2% | +82.4% |
| Volatility (ann.) | 45.1% | 14.5% |
| Beta vs S&P 500 | 1.27 | 1.00 |
| Max drawdown (3Y) | -61.3% | -18.8% |
| Market cap | $25.0B | – |
| P/E (trailing) | 32.8 | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Information Technology | 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 | FICO | SPY |
|---|---|---|
| 2022 | +38.0% | -18.2% |
| 2023 | +94.5% | +26.2% |
| 2024 | +71.0% | +24.9% |
| 2025 | -15.1% | +17.7% |
| 2026 | -31.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FICO and SPY good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FICO and SPY?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.22 over the last year and 0.44 over 5 years.
Is SPY a good diversifier for FICO?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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: FICO correlations · SPY correlations
