GPRK vs SPY: Correlation
How closely do Geopark Ltd (GPRK) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRK and SPY?
Over the past 3 years, GPRK and SPY moved with a correlation of 0.14, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.14 over 3 years. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 85.9 %².
Among the 14 assets we track against GPRK, SPY ranks #6 by 3-year correlation. The last year tells two different stories: GPRK led by 33.4 percentage points, +54.0% for GPRK against +20.6% for SPY. Risk is not evenly split, since GPRK carries 3.0 times the volatility of the other side.
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.
GPRK vs SPY: side by side
| GPRK (Geopark Ltd) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +54.0% | +20.6% |
| 5-year return | +1.9% | +82.4% |
| Volatility (ann.) | 43.1% | 14.5% |
| Beta vs S&P 500 | 0.41 | 1.00 |
| Max drawdown (3Y) | -47.8% | -18.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 1.16% | 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 | GPRK | SPY |
|---|---|---|
| 2022 | +39.0% | -18.2% |
| 2023 | -41.5% | +26.2% |
| 2024 | +15.1% | +24.9% |
| 2025 | -16.8% | +17.7% |
| 2026 | +34.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRK and SPY good diversifiers for each other?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GPRK and SPY?
The GPRK/SPY correlation stands at 0.14 on a 3-year window (1 year: -0.02, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for GPRK?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.14 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.
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Related comparisons
Hubs: GPRK correlations · SPY correlations
