KTCC vs SPY: Correlation
Measured on weekly returns over the past three years, Key Tronic Corporation (KTCC) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTCC and SPY?
Across a 3-year window, the weekly returns of KTCC and SPY correlate at 0.20, weak. Recent behaviour matches the longer record: 0.25 over 1 year against 0.20 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 116.7 %².
Out of 12 assets tracked against KTCC, SPY lands near the bottom at #8. Over the last 12 months KTCC came out ahead by 8.6 percentage points (+29.2% against +20.6%). One caveat on sizing: KTCC is 2.7 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.
KTCC vs SPY: side by side
| KTCC (Key Tronic Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +29.2% | +20.6% |
| 5-year return | -42.7% | +82.4% |
| Volatility (ann.) | 39.4% | 14.5% |
| Beta vs S&P 500 | 0.56 | 1.00 |
| Max drawdown (3Y) | -62.5% | -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 | KTCC | SPY |
|---|---|---|
| 2022 | -30.8% | -18.2% |
| 2023 | -0.2% | +26.2% |
| 2024 | -3.5% | +24.9% |
| 2025 | -33.1% | +17.7% |
| 2026 | +38.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTCC and SPY good diversifiers for each other?
Reasonably. At 0.20, KTCC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KTCC and SPY?
The KTCC/SPY correlation stands at 0.20 on a 3-year window (1 year: 0.25, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for KTCC?
Reasonably. At 0.20, KTCC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 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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Hubs: KTCC correlations · SPY correlations
