MET vs SPYV: Correlation
MetLife (MET) and SPDR Portfolio S&P 500 Value ETF (SPYV) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and SPYV?
Over the past 3 years, MET and SPYV moved with a correlation of 0.69, which is strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.69). Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 196.3 %².
Within MET's tracked universe of 37 assets, SPYV comes in at #9 by 3-year correlation. Their 12-month results are close: +22.1% for MET against +18.5% for SPYV. The rolling one-year correlation moved between 0.45 and 0.84 over the past three years, a moderate range. Note the risk asymmetry: MET runs 1.9 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.
MET vs SPYV: side by side
| MET (MetLife) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +22.1% | +18.5% |
| 5-year return | +80.8% | +73.5% |
| Volatility (ann.) | 23.3% | 12.1% |
| Beta vs S&P 500 | 0.89 | 0.70 |
| Max drawdown (3Y) | -22.0% | -17.5% |
| Market cap | $61.2B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.38% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Financials | 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 | MET | SPYV |
|---|---|---|
| 2022 | +19.2% | -5.3% |
| 2023 | -5.5% | +22.2% |
| 2024 | +27.7% | +12.2% |
| 2025 | -0.8% | +13.2% |
| 2026 | +24.5% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.17% of SPYV is MET itself, so the fund partly moves with the stock by construction.
Are MET and SPYV good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MET and SPYV?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.44 over the last year and 0.69 over 5 years.
Is SPYV a good diversifier for MET?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/met-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/met-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MET correlations · SPYV correlations
