INTG vs SPY: Correlation
How closely do The Intergroup Corporation (INTG) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTG and SPY?
Across a 3-year window, the weekly returns of INTG and SPY correlate at 0.04, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.00) sits close to the 3-year figure. Stretching to 5 years gives 0.02, with an annualized covariance of 39.3 %².
By 3-year correlation, SPY places #7 of the 12 assets tracked against INTG. The last year tells two different stories: INTG led by 118.8 percentage points, +139.4% for INTG against +20.6% for SPY. Note the risk asymmetry: INTG runs 4.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INTG vs SPY: side by side
| INTG (The Intergroup Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +139.4% | +20.6% |
| 5-year return | -26.6% | +82.4% |
| Volatility (ann.) | 61.2% | 14.5% |
| Beta vs S&P 500 | 0.19 | 1.00 |
| Max drawdown (3Y) | -71.1% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | INTG | SPY |
|---|---|---|
| 2022 | -7.6% | -18.2% |
| 2023 | -58.3% | +26.2% |
| 2024 | -27.4% | +24.9% |
| 2025 | +98.9% | +17.7% |
| 2026 | +23.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTG and SPY good diversifiers for each other?
Yes. With a correlation of 0.04, INTG and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INTG and SPY?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.00 over the last year and 0.02 over 5 years.
Is SPY a good diversifier for INTG?
Yes. With a correlation of 0.04, INTG and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.04 mean?
A reading of 0.04 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: INTG correlations · SPY correlations
