GEN vs SPY: Correlation
Gen Digital (GEN) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and SPY?
Over the past 3 years, GEN and SPY moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 212.4 %².
Within GEN's tracked universe of 36 assets, SPY comes in at #19 by 3-year correlation. The last year tells two different stories: SPY led by 19.4 percentage points, +1.2% for GEN against +20.6% for SPY. Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.67. Note the risk asymmetry: GEN runs 2.2 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.
GEN vs SPY: side by side
| GEN (Gen Digital) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +1.2% | +20.6% |
| 5-year return | +26.3% | +82.4% |
| Volatility (ann.) | 31.7% | 14.5% |
| Beta vs S&P 500 | 1.02 | 1.00 |
| Max drawdown (3Y) | -43.6% | -18.8% |
| Market cap | $18.3B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 1.69% | 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 | GEN | SPY |
|---|---|---|
| 2022 | -15.8% | -18.2% |
| 2023 | +9.3% | +26.2% |
| 2024 | +22.4% | +24.9% |
| 2025 | +1.1% | +17.7% |
| 2026 | +13.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and SPY good diversifiers for each other?
Reasonably. At 0.46, GEN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GEN and SPY?
As of 2026-08-27, the correlation of weekly returns between GEN and SPY is 0.46 over 3 years, 0.40 over 1 year and 0.46 over 5 years.
Is SPY a good diversifier for GEN?
Reasonably. At 0.46, GEN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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: GEN correlations · SPY correlations
