LOGI vs SPY: Correlation
How closely do Logitech International S.A. - Registered Shares (LOGI) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOGI and SPY?
On 3 years of weekly data the LOGI/SPY correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 259.9 %².
By 3-year correlation, SPY places #7 of the 12 assets tracked against LOGI. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 24.1 percentage points (-3.5% for LOGI against +20.6% for SPY). Note the risk asymmetry: LOGI runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LOGI vs SPY: side by side
| LOGI (Logitech International S.A. - Registered Shares) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -3.5% | +20.6% |
| 5-year return | +0.1% | +82.4% |
| Volatility (ann.) | 34.3% | 14.5% |
| Beta vs S&P 500 | 1.24 | 1.00 |
| Max drawdown (3Y) | -37.6% | -18.8% |
| Market cap | $14.0B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.69% | 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 | LOGI | SPY |
|---|---|---|
| 2022 | -22.9% | -18.2% |
| 2023 | +55.3% | +26.2% |
| 2024 | -12.0% | +24.9% |
| 2025 | +23.5% | +17.7% |
| 2026 | -2.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOGI and SPY good diversifiers for each other?
Only partially. A correlation of 0.52 means LOGI and SPY 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 LOGI and SPY?
As of 2026-08-27, the correlation of weekly returns between LOGI and SPY is 0.52 over 3 years, 0.51 over 1 year and 0.53 over 5 years.
Is SPY a good diversifier for LOGI?
Only partially. A correlation of 0.52 means LOGI and SPY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/logi-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/logi-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOGI correlations · SPY correlations
