LPSN vs SPY: Correlation
Measured on weekly returns over the past three years, LivePerson, Inc. (LPSN) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPSN and SPY?
Over the past 3 years, LPSN and SPY moved with a correlation of 0.28, which is weak. The past 12 months show a tighter link (0.41) than the 3-year average (0.28). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 427.8 %².
SPY is close to the least connected end of LPSN's tracked universe, ranking #10 of 14. The last year tells two different stories: SPY led by 103.5 percentage points, -82.9% for LPSN against +20.6% for SPY. Note the risk asymmetry: LPSN runs 7.3 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.
LPSN vs SPY: side by side
| LPSN (LivePerson, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -82.9% | +20.6% |
| 5-year return | -99.7% | +82.4% |
| Volatility (ann.) | 105.2% | 14.5% |
| Beta vs S&P 500 | 2.05 | 1.00 |
| Max drawdown (3Y) | -97.8% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | LPSN | SPY |
|---|---|---|
| 2022 | -71.6% | -18.2% |
| 2023 | -62.6% | +26.2% |
| 2024 | -59.9% | +24.9% |
| 2025 | -83.0% | +17.7% |
| 2026 | -27.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPSN and SPY good diversifiers for each other?
Reasonably. At 0.28, LPSN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LPSN and SPY?
As of 2026-08-27, the correlation of weekly returns between LPSN and SPY is 0.28 over 3 years, 0.41 over 1 year and 0.33 over 5 years.
Is SPY a good diversifier for LPSN?
Reasonably. At 0.28, LPSN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LPSN correlations · SPY correlations
