MRVL vs SPY: Correlation
How closely do Marvell Technology (MRVL) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and SPY?
Over the past 3 years, MRVL and SPY moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.55). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 458.1 %².
Within MRVL's tracked universe of 30 assets, SPY comes in at #17 by 3-year correlation. The last year tells two different stories: MRVL led by 202.9 percentage points, +223.5% for MRVL against +20.6% for SPY. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.22 to 0.76. One caveat on sizing: MRVL is 4.0 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.
MRVL vs SPY: side by side
| MRVL (Marvell Technology) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +223.5% | +20.6% |
| 5-year return | +297.0% | +82.4% |
| Volatility (ann.) | 57.8% | 14.5% |
| Beta vs S&P 500 | 2.19 | 1.00 |
| Max drawdown (3Y) | -60.8% | -18.8% |
| Market cap | $217.0B | – |
| P/E (trailing) | 82.7 | – |
| Dividend yield | 0.10% | 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 | MRVL | SPY |
|---|---|---|
| 2022 | -57.5% | -18.2% |
| 2023 | +63.7% | +26.2% |
| 2024 | +83.8% | +24.9% |
| 2025 | -22.8% | +17.7% |
| 2026 | +184.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.32% of SPY is MRVL itself, so the fund partly moves with the stock by construction.
Are MRVL and SPY good diversifiers for each other?
To a limited degree. At 0.55 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 MRVL and SPY?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.31 over the last year and 0.57 over 5 years.
Is SPY a good diversifier for MRVL?
To a limited degree. At 0.55 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 0.55 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: MRVL correlations · SPY correlations
