GEN vs SPYV: Correlation
How closely do Gen Digital (GEN) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and SPYV?
Across a 3-year window, the weekly returns of GEN and SPYV correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.51, with an annualized covariance of 189.7 %².
Within GEN's tracked universe of 36 assets, SPYV comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPYV outperformed by 17.3 percentage points (+1.2% for GEN against +18.5% for SPYV). The rolling one-year correlation moved between 0.37 and 0.69 over the past three years, a moderate range. One caveat on sizing: GEN is 2.6 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.
GEN vs SPYV: side by side
| GEN (Gen Digital) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +1.2% | +18.5% |
| 5-year return | +26.3% | +73.5% |
| Volatility (ann.) | 31.7% | 12.1% |
| Beta vs S&P 500 | 1.02 | 0.70 |
| Max drawdown (3Y) | -43.6% | -17.5% |
| Market cap | $18.3B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 1.69% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Information Technology | 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 | GEN | SPYV |
|---|---|---|
| 2022 | -15.8% | -5.3% |
| 2023 | +9.3% | +22.2% |
| 2024 | +22.4% | +12.2% |
| 2025 | +1.1% | +13.2% |
| 2026 | +13.9% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.05% of SPYV is GEN itself, so the fund partly moves with the stock by construction.
Are GEN and SPYV good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GEN and SPYV?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.34 over the last year and 0.51 over 5 years.
Is SPYV a good diversifier for GEN?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/gen-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gen-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEN correlations · SPYV correlations
