INTC vs SPY: Correlation
Intel (INTC) 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 INTC and SPY?
Across a 3-year window, the weekly returns of INTC and SPY correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 419.0 %².
Among the 37 assets we track against INTC, SPY ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months INTC outperformed by 250.0 percentage points (+270.6% for INTC against +20.6% for SPY). The rolling one-year correlation moved between 0.37 and 0.67 over the past three years, a moderate range. Risk is not evenly split, since INTC carries 4.3 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.
INTC vs SPY: side by side
| INTC (Intel) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +270.6% | +20.6% |
| 5-year return | +85.4% | +82.4% |
| Volatility (ann.) | 63.0% | 14.5% |
| Beta vs S&P 500 | 2.01 | 1.00 |
| Max drawdown (3Y) | -63.8% | -18.8% |
| Market cap | $486.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | INTC | SPY |
|---|---|---|
| 2022 | -46.6% | -18.2% |
| 2023 | +94.6% | +26.2% |
| 2024 | -59.6% | +24.9% |
| 2025 | +84.0% | +17.7% |
| 2026 | +149.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPY holds INTC at a 0.66% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are INTC and SPY good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INTC and SPY?
The INTC/SPY correlation stands at 0.46 on a 3-year window (1 year: 0.53, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for INTC?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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: INTC correlations · SPY correlations
