META vs SPYG: Correlation
Meta Platforms (META) and SPDR Portfolio S&P 500 Growth ETF (SPYG) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and SPYG?
Over the past 3 years, META and SPYG moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 441.3 %².
Few assets follow META as closely as SPYG, which ranks #3 of 33 tracked partners. Correlation aside, the last 12 months split them widely, with SPYG ahead by 45.7 points (-23.3% versus +22.4%). On a rolling one-year basis the correlation drifted between 0.42 and 0.77, a moderate band. Note the risk asymmetry: META runs 2.0 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.
META vs SPYG: side by side
| META (Meta Platforms) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | -23.3% | +22.4% |
| 5-year return | +51.3% | +85.9% |
| Volatility (ann.) | 36.9% | 18.9% |
| Beta vs S&P 500 | 1.45 | 1.25 |
| Max drawdown (3Y) | -34.2% | -22.1% |
| Market cap | $1,454.9B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 0.36% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Communication Services | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | META | SPYG |
|---|---|---|
| 2022 | -64.2% | -29.4% |
| 2023 | +194.1% | +30.0% |
| 2024 | +66.0% | +36.0% |
| 2025 | +13.1% | +22.1% |
| 2026 | -13.3% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 3.54% of SPYG is META itself, so the fund partly moves with the stock by construction.
Are META and SPYG good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between META and SPYG?
The META/SPYG correlation stands at 0.63 on a 3-year window (1 year: 0.67, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is SPYG a good diversifier for META?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/meta-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/meta-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: META correlations · SPYG correlations
