HUM vs SPY: Correlation
Humana (HUM) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUM and SPY?
Across a 3-year window, the weekly returns of HUM and SPY correlate at 0.17, weak. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 108.5 %².
By 3-year correlation, SPY places #19 of the 30 assets tracked against HUM. Over the last 12 months HUM came out ahead by 13.4 percentage points (+34.0% against +20.6%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.34 to 0.39. Risk is not evenly split, since HUM 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.
HUM vs SPY: side by side
| HUM (Humana) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +34.0% | +20.6% |
| 5-year return | +1.8% | +82.4% |
| Volatility (ann.) | 43.3% | 14.5% |
| Beta vs S&P 500 | 0.52 | 1.00 |
| Max drawdown (3Y) | -67.9% | -18.8% |
| Market cap | $47.1B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.91% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Health Care | 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 | HUM | SPY |
|---|---|---|
| 2022 | +11.2% | -18.2% |
| 2023 | -9.9% | +26.2% |
| 2024 | -44.0% | +24.9% |
| 2025 | +2.4% | +17.7% |
| 2026 | +54.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
HUM represents 0.07% of SPY's portfolio, so part of any move in SPY is HUM itself, and the correlation between them is partly mechanical.
Are HUM and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between HUM and SPY?
As of 2026-08-27, the correlation of weekly returns between HUM and SPY is 0.17 over 3 years, 0.25 over 1 year and 0.19 over 5 years.
Is SPY a good diversifier for HUM?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
A reading of 0.17 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: HUM correlations · SPY correlations
