LAMR vs SPYV: Correlation
Measured on weekly returns over the past three years, Lamar Advertising Company (LAMR) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAMR and SPYV?
Over the past 3 years, LAMR and SPYV moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.43) than the 3-year average (0.63). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 189.6 %².
Among the 14 assets we track against LAMR, SPYV ranks #4 by 3-year correlation. Over the last 12 months LAMR came out ahead by 5.5 percentage points (+24.0% against +18.5%). One caveat on sizing: LAMR is 2.0 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.
LAMR vs SPYV: side by side
| LAMR (Lamar Advertising Company) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +24.0% | +18.5% |
| 5-year return | +68.6% | +73.5% |
| Volatility (ann.) | 24.7% | 12.1% |
| Beta vs S&P 500 | 0.90 | 0.70 |
| Max drawdown (3Y) | -23.9% | -17.5% |
| Market cap | $15.3B | – |
| P/E (trailing) | 27.5 | – |
| Dividend yield | 4.15% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | US Listed | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | LAMR | SPYV |
|---|---|---|
| 2022 | -18.0% | -5.3% |
| 2023 | +18.6% | +22.2% |
| 2024 | +20.0% | +12.2% |
| 2025 | +9.7% | +13.2% |
| 2026 | +21.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAMR and SPYV good diversifiers for each other?
Only partially. A correlation of 0.63 means LAMR and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LAMR and SPYV?
As of 2026-08-27, the correlation of weekly returns between LAMR and SPYV is 0.63 over 3 years, 0.43 over 1 year and 0.70 over 5 years.
Is SPYV a good diversifier for LAMR?
Only partially. A correlation of 0.63 means LAMR and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/lamr-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lamr-vs-spyv/)
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Related comparisons
Hubs: LAMR correlations · SPYV correlations
