PBH vs SPY: Correlation
Prestige Consumer Healthcare Inc. (PBH) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBH and SPY?
Over the past 3 years, PBH and SPY moved with a correlation of 0.18, which is weak. Little has changed lately, as the 1-year reading of 0.19 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 68.5 %².
Among the 10 assets we track against PBH, SPY sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 44.1 points (-23.5% versus +20.6%). Note the risk asymmetry: PBH runs 1.8 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.
PBH vs SPY: side by side
| PBH (Prestige Consumer Healthcare Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -23.5% | +20.6% |
| 5-year return | -10.4% | +82.4% |
| Volatility (ann.) | 26.1% | 14.5% |
| Beta vs S&P 500 | 0.33 | 1.00 |
| Max drawdown (3Y) | -49.0% | -18.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.3 | – |
| 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 | PBH | SPY |
|---|---|---|
| 2022 | +3.2% | -18.2% |
| 2023 | -2.2% | +26.2% |
| 2024 | +27.6% | +24.9% |
| 2025 | -21.0% | +17.7% |
| 2026 | -17.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBH and SPY good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PBH and SPY?
The PBH/SPY correlation stands at 0.18 on a 3-year window (1 year: 0.19, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for PBH?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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.
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Related comparisons
Hubs: PBH correlations · SPY correlations
