MO vs SPYG: Correlation
Measured on weekly returns over the past three years, Altria (MO) and SPDR Portfolio S&P 500 Growth ETF (SPYG) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and SPYG?
Across a 3-year window, the weekly returns of MO and SPYG correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.18 over 3 years. Stretching to 5 years gives 0.00, with an annualized covariance of -74.3 %².
By 3-year correlation, SPYG places #27 of the 49 assets tracked against MO. On 12-month performance SPYG holds a 13.6-point edge, +8.8% against +22.4%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.41 to 0.35.
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.
MO vs SPYG: side by side
| MO (Altria) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +8.8% | +22.4% |
| 5-year return | +100.4% | +85.9% |
| Volatility (ann.) | 21.8% | 18.9% |
| Beta vs S&P 500 | -0.07 | 1.25 |
| Max drawdown (3Y) | -16.4% | -22.1% |
| Market cap | $113.0B | – |
| P/E (trailing) | 14.6 | – |
| Dividend yield | 6.13% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Consumer Staples | 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 | MO | SPYG |
|---|---|---|
| 2022 | +4.4% | -29.4% |
| 2023 | -3.7% | +30.0% |
| 2024 | +40.8% | +36.0% |
| 2025 | +18.2% | +22.1% |
| 2026 | +21.1% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and SPYG good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MO and SPYG?
The MO/SPYG correlation stands at -0.18 on a 3-year window (1 year: -0.39, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is SPYG a good diversifier for MO?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mo-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mo-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MO correlations · SPYG correlations
