LFST vs SPY: Correlation
Measured on weekly returns over the past three years, LifeStance Health Group, Inc. (LFST) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFST and SPY?
Over the past 3 years, LFST and SPY moved with a correlation of 0.22, which is weak. The past 12 months show a weaker link (0.06) than the 3-year average (0.22). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 152.8 %².
Among the 11 assets we track against LFST, SPY sits near the bottom by co-movement, at rank #7. The last year tells two different stories: LFST led by 103.4 percentage points, +124.0% for LFST against +20.6% for SPY. One caveat on sizing: LFST is 3.4 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.
LFST vs SPY: side by side
| LFST (LifeStance Health Group, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +124.0% | +20.6% |
| 5-year return | -15.6% | +82.4% |
| Volatility (ann.) | 49.0% | 14.5% |
| Beta vs S&P 500 | 0.73 | 1.00 |
| Max drawdown (3Y) | -56.5% | -18.8% |
| Market cap | $4.7B | – |
| P/E (trailing) | 94.6 | – |
| 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 | LFST | SPY |
|---|---|---|
| 2022 | -48.1% | -18.2% |
| 2023 | +58.5% | +26.2% |
| 2024 | -5.9% | +24.9% |
| 2025 | -4.5% | +17.7% |
| 2026 | +74.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFST and SPY good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LFST and SPY?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.06 over the last year and 0.33 over 5 years.
Is SPY a good diversifier for LFST?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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: LFST correlations · SPY correlations
