KMPR vs SPY: Correlation
Kemper Corporation (KMPR) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMPR and SPY?
Across a 3-year window, the weekly returns of KMPR and SPY correlate at 0.28, weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 128.4 %².
Out of 14 assets tracked against KMPR, SPY lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 66.8 percentage points (-46.2% for KMPR against +20.6% for SPY). One caveat on sizing: KMPR is 2.2 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.
KMPR vs SPY: side by side
| KMPR (Kemper Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -46.2% | +20.6% |
| 5-year return | -53.7% | +82.4% |
| Volatility (ann.) | 32.1% | 14.5% |
| Beta vs S&P 500 | 0.61 | 1.00 |
| Max drawdown (3Y) | -66.8% | -18.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.51% | 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 | KMPR | SPY |
|---|---|---|
| 2022 | -14.2% | -18.2% |
| 2023 | +1.5% | +26.2% |
| 2024 | +39.2% | +24.9% |
| 2025 | -37.5% | +17.7% |
| 2026 | -29.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMPR and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KMPR and SPY?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.20 over the last year and 0.33 over 5 years.
Is SPY a good diversifier for KMPR?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kmpr-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kmpr-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KMPR correlations · SPY correlations
