FTDR vs SPY: Correlation
Measured on weekly returns over the past three years, Frontdoor, Inc. (FTDR) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTDR and SPY?
Over the past 3 years, FTDR and SPY moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 272.7 %².
By 3-year correlation, SPY places #8 of the 14 assets tracked against FTDR. On 12-month performance FTDR holds a 13.0-point edge, +33.6% against +20.6%. One caveat on sizing: FTDR is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FTDR vs SPY: side by side
| FTDR (Frontdoor, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +33.6% | +20.6% |
| 5-year return | +91.0% | +82.4% |
| Volatility (ann.) | 43.8% | 14.5% |
| Beta vs S&P 500 | 1.31 | 1.00 |
| Max drawdown (3Y) | -40.6% | -18.8% |
| Market cap | $5.7B | – |
| P/E (trailing) | 21.9 | – |
| 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 | FTDR | SPY |
|---|---|---|
| 2022 | -43.2% | -18.2% |
| 2023 | +69.3% | +26.2% |
| 2024 | +55.2% | +24.9% |
| 2025 | +5.5% | +17.7% |
| 2026 | +43.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTDR and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FTDR and SPY?
As of 2026-08-27, the correlation of weekly returns between FTDR and SPY is 0.43 over 3 years, 0.45 over 1 year and 0.39 over 5 years.
Is SPY a good diversifier for FTDR?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FTDR correlations · SPY correlations
