P vs SPY: Correlation
How closely do Everpure, Inc. (P) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are P and SPY?
Over the past 3 years, P and SPY moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 428.1 %².
Among the 10 assets we track against P, SPY sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with P ahead by 42.5 points (+63.1% versus +20.6%). Risk is not evenly split, since P carries 4.0 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.
P vs SPY: side by side
| P (Everpure, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +63.1% | +20.6% |
| 5-year return | +288.3% | +82.4% |
| Volatility (ann.) | 58.7% | 14.5% |
| Beta vs S&P 500 | 2.05 | 1.00 |
| Max drawdown (3Y) | -48.6% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 135.9 | – |
| Dividend yield | 0.00% | 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 | P | SPY |
|---|---|---|
| 2022 | -17.8% | -18.2% |
| 2023 | +33.3% | +26.2% |
| 2024 | +72.3% | +24.9% |
| 2025 | +9.1% | +17.7% |
| 2026 | +48.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are P and SPY good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between P and SPY?
The P/SPY correlation stands at 0.50 on a 3-year window (1 year: 0.46, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for P?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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: P correlations · SPY correlations
