HII vs SPYV: Correlation
Huntington Ingalls Industries (HII) and SPDR Portfolio S&P 500 Value ETF (SPYV) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HII and SPYV?
Across a 3-year window, the weekly returns of HII and SPYV correlate at 0.41, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.41). Stretching to 5 years gives 0.43, with an annualized covariance of 177.6 %².
Within HII's tracked universe of 28 assets, SPYV comes in at #13 by 3-year correlation. The trailing year gives SPYV the advantage: +9.4% versus +18.5%, a 9.1-point spread. The rolling one-year correlation moved between 0.24 and 0.68 over the past three years, a moderate range. Risk is not evenly split, since HII carries 2.9 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.
HII vs SPYV: side by side
| HII (Huntington Ingalls Industries) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +9.4% | +18.5% |
| 5-year return | +59.2% | +73.5% |
| Volatility (ann.) | 35.3% | 12.1% |
| Beta vs S&P 500 | 0.84 | 0.70 |
| Max drawdown (3Y) | -45.2% | -17.5% |
| Market cap | $11.7B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.85% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Industrials | 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 | HII | SPYV |
|---|---|---|
| 2022 | +26.3% | -5.3% |
| 2023 | +15.2% | +22.2% |
| 2024 | -25.7% | +12.2% |
| 2025 | +84.2% | +13.2% |
| 2026 | -11.9% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HII and SPYV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HII and SPYV?
The HII/SPYV correlation stands at 0.41 on a 3-year window (1 year: 0.25, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is SPYV a good diversifier for HII?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: HII correlations · SPYV correlations
