LOVE vs SPYV: Correlation
Measured on weekly returns over the past three years, The Lovesac Company (LOVE) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOVE and SPYV?
Over the past 3 years, LOVE and SPYV moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 444.4 %².
Among the 11 assets we track against LOVE, SPYV ranks #5 by 3-year correlation. The last year tells two different stories: SPYV led by 33.7 percentage points, -15.2% for LOVE against +18.5% for SPYV. One caveat on sizing: LOVE is 5.3 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.
LOVE vs SPYV: side by side
| LOVE (The Lovesac Company) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | -15.2% | +18.5% |
| 5-year return | -71.8% | +73.5% |
| Volatility (ann.) | 64.0% | 12.1% |
| Beta vs S&P 500 | 1.85 | 0.70 |
| Max drawdown (3Y) | -72.7% | -17.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | 64.3 | – |
| Dividend yield | 0.00% | 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 | LOVE | SPYV |
|---|---|---|
| 2022 | -66.8% | -5.3% |
| 2023 | +16.1% | +22.2% |
| 2024 | -7.4% | +12.2% |
| 2025 | -37.7% | +13.2% |
| 2026 | +8.9% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOVE and SPYV good diversifiers for each other?
Only partially. A correlation of 0.57 means LOVE 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 LOVE and SPYV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.49 over the last year and 0.55 over 5 years.
Is SPYV a good diversifier for LOVE?
Only partially. A correlation of 0.57 means LOVE 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 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/love-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/love-vs-spyv/)
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Related comparisons
Hubs: LOVE correlations · SPYV correlations
