JOB vs SPY: Correlation
How closely do GEE Group Inc. (JOB) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOB and SPY?
Over the past 3 years, JOB and SPY moved with a correlation of 0.11, which is weak. Little has changed lately, as the 1-year reading of 0.01 lands near the 3-year figure. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 69.2 %².
Among the 10 assets we track against JOB, SPY sits near the bottom by co-movement, at rank #7. The trailing year gives JOB the advantage: +33.7% versus +20.6%, a 13.1-point spread. One caveat on sizing: JOB is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JOB vs SPY: side by side
| JOB (GEE Group Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +33.7% | +20.6% |
| 5-year return | -52.1% | +82.4% |
| Volatility (ann.) | 45.1% | 14.5% |
| Beta vs S&P 500 | 0.33 | 1.00 |
| Max drawdown (3Y) | -71.0% | -18.8% |
| Market cap | – | – |
| 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 | JOB | SPY |
|---|---|---|
| 2022 | -14.0% | -18.2% |
| 2023 | +2.0% | +26.2% |
| 2024 | -58.0% | +24.9% |
| 2025 | -4.8% | +17.7% |
| 2026 | +27.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOB and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between JOB and SPY?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.01 over the last year and 0.15 over 5 years.
Is SPY a good diversifier for JOB?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 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: JOB correlations · SPY correlations
