FUND vs SPYV: Correlation
Sprott Focus Trust, Inc. - Closed End Fund (FUND) and SPDR Portfolio S&P 500 Value ETF (SPYV) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and SPYV?
Across a 3-year window, the weekly returns of FUND and SPYV correlate at 0.78, strong. The link has loosened recently: the 1-year correlation (0.63) runs below the 3-year figure (0.78). Stretching to 5 years gives 0.82, with an annualized covariance of 168.2 %².
Within FUND's tracked universe of 32 assets, SPYV comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FUND outperformed by 20.6 percentage points (+39.1% for FUND against +18.5% for SPYV).
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.
FUND vs SPYV: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +39.1% | +18.5% |
| 5-year return | +83.0% | +73.5% |
| Volatility (ann.) | 17.9% | 12.1% |
| Beta vs S&P 500 | 0.77 | 0.70 |
| Max drawdown (3Y) | -18.2% | -17.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 5.36% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | US Listed | 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 | FUND | SPYV |
|---|---|---|
| 2022 | -1.2% | -5.3% |
| 2023 | +6.9% | +22.2% |
| 2024 | -1.0% | +12.2% |
| 2025 | +27.5% | +13.2% |
| 2026 | +26.8% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and SPYV good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FUND and SPYV?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.63 over the last year and 0.82 over 5 years.
Is SPYV a good diversifier for FUND?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fund-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fund-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUND correlations · SPYV correlations
