NUS vs SPY: Correlation
Nu Skin Enterprises, Inc. (NUS) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUS and SPY?
Over the past 3 years, NUS and SPY moved with a correlation of 0.26, which is weak. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 203.4 %².
Among the 10 assets we track against NUS, SPY sits near the bottom by co-movement, at rank #6. The last year tells two different stories: SPY led by 80.2 percentage points, -59.6% for NUS against +20.6% for SPY. Risk is not evenly split, since NUS carries 3.7 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.
NUS vs SPY: side by side
| NUS (Nu Skin Enterprises, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -59.6% | +20.6% |
| 5-year return | -88.8% | +82.4% |
| Volatility (ann.) | 53.9% | 14.5% |
| Beta vs S&P 500 | 0.97 | 1.00 |
| Max drawdown (3Y) | -79.1% | -18.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.96% | 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 | NUS | SPY |
|---|---|---|
| 2022 | -13.9% | -18.2% |
| 2023 | -51.1% | +26.2% |
| 2024 | -63.7% | +24.9% |
| 2025 | +43.3% | +17.7% |
| 2026 | -49.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUS and SPY good diversifiers for each other?
Reasonably. At 0.26, NUS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NUS and SPY?
The NUS/SPY correlation stands at 0.26 on a 3-year window (1 year: 0.33, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for NUS?
Reasonably. At 0.26, NUS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 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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Hubs: NUS correlations · SPY correlations
