LNG vs SPY: Correlation
Cheniere Energy, Inc. (LNG) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNG and SPY?
Over the past 3 years, LNG and SPY moved with a correlation of 0.07, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.50) than the 3-year average (0.07). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 26.7 %².
By 3-year correlation, SPY places #10 of the 20 assets tracked against LNG. Their 12-month results are close: +17.4% for LNG against +20.6% for SPY. One caveat on sizing: LNG 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.
LNG vs SPY: side by side
| LNG (Cheniere Energy, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +17.4% | +20.6% |
| 5-year return | +231.8% | +82.4% |
| Volatility (ann.) | 28.3% | 14.5% |
| Beta vs S&P 500 | 0.13 | 1.00 |
| Max drawdown (3Y) | -24.9% | -18.8% |
| Market cap | $58.0B | – |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.78% | 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 | LNG | SPY |
|---|---|---|
| 2022 | +49.3% | -18.2% |
| 2023 | +15.0% | +26.2% |
| 2024 | +27.2% | +24.9% |
| 2025 | -8.7% | +17.7% |
| 2026 | +45.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNG and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between LNG and SPY?
As of 2026-08-27, the correlation of weekly returns between LNG and SPY is 0.07 over 3 years, -0.50 over 1 year and 0.20 over 5 years.
Is SPY a good diversifier for LNG?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
On the −1 to +1 scale, 0.07 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: LNG correlations · SPY correlations
