KLIC vs SPY: Correlation
Kulicke and Soffa Industries, Inc. (KLIC) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLIC and SPY?
Over the past 3 years, KLIC and SPY moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 311.2 %².
Among the 20 assets we track against KLIC, SPY ranks #13 by 3-year correlation. The last year tells two different stories: KLIC led by 107.7 percentage points, +128.3% for KLIC against +20.6% for SPY. Note the risk asymmetry: KLIC runs 3.0 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.
KLIC vs SPY: side by side
| KLIC (Kulicke and Soffa Industries, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +128.3% | +20.6% |
| 5-year return | +30.7% | +82.4% |
| Volatility (ann.) | 43.9% | 14.5% |
| Beta vs S&P 500 | 1.49 | 1.00 |
| Max drawdown (3Y) | -49.3% | -18.8% |
| Market cap | $4.4B | – |
| P/E (trailing) | 38.8 | – |
| Dividend yield | 0.97% | 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 | KLIC | SPY |
|---|---|---|
| 2022 | -25.8% | -18.2% |
| 2023 | +25.5% | +26.2% |
| 2024 | -13.2% | +24.9% |
| 2025 | -0.3% | +17.7% |
| 2026 | +86.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLIC and SPY good diversifiers for each other?
Reasonably. At 0.49, KLIC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KLIC and SPY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.35 over the last year and 0.55 over 5 years.
Is SPY a good diversifier for KLIC?
Reasonably. At 0.49, KLIC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: KLIC correlations · SPY correlations
