MAS vs SPY: Correlation
How closely do Masco (MAS) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and SPY?
Over the past 3 years, MAS and SPY moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.46). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 199.0 %².
Within MAS's tracked universe of 61 assets, SPY comes in at #50 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 21.1 points (-0.5% versus +20.6%). The rolling one-year correlation moved between 0.30 and 0.75 over the past three years, a moderate range. One caveat on sizing: MAS 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.
MAS vs SPY: side by side
| MAS (Masco) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -0.5% | +20.6% |
| 5-year return | +29.1% | +82.4% |
| Volatility (ann.) | 29.6% | 14.5% |
| Beta vs S&P 500 | 0.95 | 1.00 |
| Max drawdown (3Y) | -30.9% | -18.8% |
| Market cap | $14.4B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 1.71% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Industrials | 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 | MAS | SPY |
|---|---|---|
| 2022 | -32.1% | -18.2% |
| 2023 | +46.6% | +26.2% |
| 2024 | +10.0% | +24.9% |
| 2025 | -10.9% | +17.7% |
| 2026 | +16.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and SPY good diversifiers for each other?
Reasonably. At 0.46, MAS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MAS and SPY?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.31 over the last year and 0.55 over 5 years.
Is SPY a good diversifier for MAS?
Reasonably. At 0.46, MAS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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.
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Related comparisons
Hubs: MAS correlations · SPY correlations
