OMC vs SPYV: Correlation
Measured on weekly returns over the past three years, Omnicom Group (OMC) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMC and SPYV?
Across a 3-year window, the weekly returns of OMC and SPYV correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.54, with an annualized covariance of 178.4 %².
Among the 36 assets we track against OMC, SPYV ranks #5 by 3-year correlation. Neither side won the trailing year by much: +16.5% against +18.5%. 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. Note the risk asymmetry: OMC runs 2.3 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.
OMC vs SPYV: side by side
| OMC (Omnicom Group) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +16.5% | +18.5% |
| 5-year return | +45.6% | +73.5% |
| Volatility (ann.) | 28.0% | 12.1% |
| Beta vs S&P 500 | 0.76 | 0.70 |
| Max drawdown (3Y) | -33.3% | -17.5% |
| Market cap | $24.1B | – |
| P/E (trailing) | 237.5 | – |
| Dividend yield | 3.53% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Communication Services | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | OMC | SPYV |
|---|---|---|
| 2022 | +15.7% | -5.3% |
| 2023 | +9.6% | +22.2% |
| 2024 | +2.5% | +12.2% |
| 2025 | -2.6% | +13.2% |
| 2026 | +11.1% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
OMC represents 0.08% of SPYV's portfolio, so part of any move in SPYV is OMC itself, and the correlation between them is partly mechanical.
Are OMC and SPYV good diversifiers for each other?
To a limited degree. At 0.52 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 OMC and SPYV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.20 over the last year and 0.54 over 5 years.
Is SPYV a good diversifier for OMC?
To a limited degree. At 0.52 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 0.52 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/omc-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/omc-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMC correlations · SPYV correlations
