LRCX vs SPY: Correlation
How closely do Lam Research (LRCX) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRCX and SPY?
On 3 years of weekly data the LRCX/SPY correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 423.5 %².
By 3-year correlation, SPY places #20 of the 36 assets tracked against LRCX. Correlation aside, the last 12 months split them widely, with LRCX ahead by 188.4 points (+209.0% versus +20.6%). On a rolling one-year basis the correlation drifted between 0.49 and 0.76, a moderate band. One caveat on sizing: LRCX is 3.2 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.
LRCX vs SPY: side by side
| LRCX (Lam Research) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +209.0% | +20.6% |
| 5-year return | +452.0% | +82.4% |
| Volatility (ann.) | 46.7% | 14.5% |
| Beta vs S&P 500 | 2.03 | 1.00 |
| Max drawdown (3Y) | -47.1% | -18.8% |
| Market cap | $398.6B | – |
| P/E (trailing) | 54.4 | – |
| Dividend yield | 0.33% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Information Technology | 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 | LRCX | SPY |
|---|---|---|
| 2022 | -40.7% | -18.2% |
| 2023 | +88.6% | +26.2% |
| 2024 | -6.8% | +24.9% |
| 2025 | +139.2% | +17.7% |
| 2026 | +86.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.59% of SPY is LRCX itself, so the fund partly moves with the stock by construction.
Are LRCX and SPY good diversifiers for each other?
Only partially. A correlation of 0.63 means LRCX 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 LRCX and SPY?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.53 over the last year and 0.67 over 5 years.
Is SPY a good diversifier for LRCX?
Only partially. A correlation of 0.63 means LRCX 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 0.63 mean?
A reading of 0.63 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: LRCX correlations · SPY correlations
