MRVL vs SPYG: Correlation
Marvell Technology (MRVL) and SPDR Portfolio S&P 500 Growth ETF (SPYG) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and SPYG?
On 3 years of weekly data the MRVL/SPYG correlation comes out at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.59). The 5-year figure is 0.60, and annualized covariance runs at 643.2 %².
By 3-year correlation, SPYG places #9 of the 30 assets tracked against MRVL. Correlation aside, the last 12 months split them widely, with MRVL ahead by 201.1 points (+223.5% versus +22.4%). This link changes with the market regime, having swung between 0.25 and 0.80 on a rolling one-year basis. Risk is not evenly split, since MRVL carries 3.1 times the volatility of the other side.
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 SPYG: side by side
| MRVL (Marvell Technology) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +223.5% | +22.4% |
| 5-year return | +297.0% | +85.9% |
| Volatility (ann.) | 57.8% | 18.9% |
| Beta vs S&P 500 | 2.19 | 1.25 |
| Max drawdown (3Y) | -60.8% | -22.1% |
| Market cap | $217.0B | – |
| P/E (trailing) | 82.7 | – |
| Dividend yield | 0.10% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Information Technology | 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 | MRVL | SPYG |
|---|---|---|
| 2022 | -57.5% | -29.4% |
| 2023 | +63.7% | +30.0% |
| 2024 | +83.8% | +36.0% |
| 2025 | -22.8% | +22.1% |
| 2026 | +184.5% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
MRVL represents 0.28% of SPYG's portfolio, so part of any move in SPYG is MRVL itself, and the correlation between them is partly mechanical.
Are MRVL and SPYG good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MRVL and SPYG?
The MRVL/SPYG correlation stands at 0.59 on a 3-year window (1 year: 0.35, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is SPYG a good diversifier for MRVL?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/mrvl-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrvl-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRVL correlations · SPYG correlations
