NVDA vs SPYG: Correlation
Nvidia (NVDA) and SPDR Portfolio S&P 500 Growth ETF (SPYG) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVDA and SPYG?
Across a 3-year window, the weekly returns of NVDA and SPYG correlate at 0.79, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.79 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 664.9 %².
In NVDA's tracked universe of 37 assets, SPYG sits right near the top at #2. Neither side won the trailing year by much: +25.7% against +22.4%. Across three years, the rolling one-year figure varied moderately, from 0.58 to 0.86. Note the risk asymmetry: NVDA runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NVDA vs SPYG: side by side
| NVDA (Nvidia) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +25.7% | +22.4% |
| 5-year return | +908.3% | +85.9% |
| Volatility (ann.) | 44.5% | 18.9% |
| Beta vs S&P 500 | 2.18 | 1.25 |
| Max drawdown (3Y) | -36.9% | -22.1% |
| Market cap | $5,505.0B | – |
| P/E (trailing) | 32.2 | – |
| Dividend yield | 0.00% | 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 | NVDA | SPYG |
|---|---|---|
| 2022 | -50.3% | -29.4% |
| 2023 | +239.0% | +30.0% |
| 2024 | +171.2% | +36.0% |
| 2025 | +38.9% | +22.1% |
| 2026 | +22.4% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 14.21% of SPYG is NVDA itself, so the fund partly moves with the stock by construction.
Are NVDA and SPYG good diversifiers for each other?
To a limited degree. At 0.79 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 NVDA and SPYG?
The NVDA/SPYG correlation stands at 0.79 on a 3-year window (1 year: 0.71, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is SPYG a good diversifier for NVDA?
To a limited degree. At 0.79 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 0.79 mean?
On the −1 to +1 scale, 0.79 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvda-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvda-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVDA correlations · SPYG correlations
