ORCL vs SPYG: Correlation
How closely do Oracle Corporation (ORCL) and SPDR Portfolio S&P 500 Growth ETF (SPYG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORCL and SPYG?
Across a 3-year window, the weekly returns of ORCL and SPYG correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 527.5 %².
Few assets follow ORCL as closely as SPYG, which ranks #3 of 30 tracked partners. Their recent paths diverged sharply: over the last 12 months SPYG outperformed by 57.2 percentage points (-34.8% for ORCL against +22.4% for SPYG). Across three years, the rolling one-year figure varied moderately, from 0.43 to 0.75. Risk is not evenly split, since ORCL carries 2.6 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.
ORCL vs SPYG: side by side
| ORCL (Oracle Corporation) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | -34.8% | +22.4% |
| 5-year return | +81.7% | +85.9% |
| Volatility (ann.) | 49.9% | 18.9% |
| Beta vs S&P 500 | 1.71 | 1.25 |
| Max drawdown (3Y) | -64.6% | -22.1% |
| Market cap | $437.7B | – |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 1.34% | 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 | ORCL | SPYG |
|---|---|---|
| 2022 | -4.6% | -29.4% |
| 2023 | +30.9% | +30.0% |
| 2024 | +60.0% | +36.0% |
| 2025 | +18.1% | +22.1% |
| 2026 | -21.3% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYG holds ORCL at a 0.37% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ORCL and SPYG good diversifiers for each other?
Only partially. A correlation of 0.56 means ORCL and SPYG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ORCL and SPYG?
The ORCL/SPYG correlation stands at 0.56 on a 3-year window (1 year: 0.59, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is SPYG a good diversifier for ORCL?
Only partially. A correlation of 0.56 means ORCL and SPYG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/orcl-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/orcl-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ORCL correlations · SPYG correlations
