JVA vs SPY: Correlation
How closely do Coffee Holding Co., Inc. (JVA) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JVA and SPY?
Across a 3-year window, the weekly returns of JVA and SPY correlate at 0.12, weak. The relationship has been stable: the 1-year correlation (0.14) sits close to the 3-year figure. Stretching to 5 years gives 0.13, with an annualized covariance of 150.8 %².
Among the 10 assets we track against JVA, SPY sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 33.7 percentage points (-13.1% for JVA against +20.6% for SPY). Risk is not evenly split, since JVA carries 5.9 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.
JVA vs SPY: side by side
| JVA (Coffee Holding Co., Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -13.1% | +20.6% |
| 5-year return | -29.2% | +82.4% |
| Volatility (ann.) | 85.3% | 14.5% |
| Beta vs S&P 500 | 0.72 | 1.00 |
| Max drawdown (3Y) | -70.3% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 2.31% | 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 | JVA | SPY |
|---|---|---|
| 2022 | -52.8% | -18.2% |
| 2023 | -55.4% | +26.2% |
| 2024 | +275.8% | +24.9% |
| 2025 | +13.5% | +17.7% |
| 2026 | -8.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JVA and SPY good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JVA and SPY?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.14 over the last year and 0.13 over 5 years.
Is SPY a good diversifier for JVA?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 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: JVA correlations · SPY correlations
