MTCH vs SPY: Correlation
Match Group, Inc. (MTCH) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTCH and SPY?
Over the past 3 years, MTCH and SPY moved with a correlation of 0.22, which is weak. The link has tightened recently: the 1-year correlation (0.38) runs above the 3-year figure (0.22). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 102.5 %².
SPY is close to the least connected end of MTCH's tracked universe, ranking #8 of 12. The trailing year gives SPY the advantage: +12.6% versus +20.6%, a 8.0-point spread. One caveat on sizing: MTCH is 2.2 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.
MTCH vs SPY: side by side
| MTCH (Match Group, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +12.6% | +20.6% |
| 5-year return | -69.2% | +82.4% |
| Volatility (ann.) | 32.0% | 14.5% |
| Beta vs S&P 500 | 0.49 | 1.00 |
| Max drawdown (3Y) | -41.6% | -18.8% |
| Market cap | $9.6B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 1.85% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | 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 | MTCH | SPY |
|---|---|---|
| 2022 | -68.6% | -18.2% |
| 2023 | -12.0% | +26.2% |
| 2024 | -10.4% | +24.9% |
| 2025 | +1.0% | +17.7% |
| 2026 | +29.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTCH and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTCH and SPY?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.38 over the last year and 0.47 over 5 years.
Is SPY a good diversifier for MTCH?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MTCH correlations · SPY correlations
