J vs SPYV: Correlation
Measured on weekly returns over the past three years, Jacobs Solutions (J) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and SPYV?
On 3 years of weekly data the J/SPYV correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 156.2 %².
Within J's tracked universe of 34 assets, SPYV comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPYV ahead by 15.9 points (+2.6% versus +18.5%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.17 to 0.79. Risk is not evenly split, since J carries 2.1 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.
J vs SPYV: side by side
| J (Jacobs Solutions) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +2.6% | +18.5% |
| 5-year return | +40.5% | +73.5% |
| Volatility (ann.) | 25.7% | 12.1% |
| Beta vs S&P 500 | 0.77 | 0.70 |
| Max drawdown (3Y) | -34.4% | -17.5% |
| Market cap | $17.6B | – |
| P/E (trailing) | 49.9 | – |
| Dividend yield | 0.90% | 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 | J | SPYV |
|---|---|---|
| 2022 | -13.1% | -5.3% |
| 2023 | +9.0% | +22.2% |
| 2024 | +24.2% | +12.2% |
| 2025 | +1.1% | +13.2% |
| 2026 | +14.6% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
J represents 0.06% of SPYV's portfolio, so part of any move in SPYV is J itself, and the correlation between them is partly mechanical.
Are J and SPYV good diversifiers for each other?
Only partially. A correlation of 0.50 means J and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between J and SPYV?
The J/SPYV correlation stands at 0.50 on a 3-year window (1 year: 0.55, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SPYV a good diversifier for J?
Only partially. A correlation of 0.50 means J and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/j-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/j-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: J correlations · SPYV correlations
