PHG vs SPY: Correlation
Koninklijke Philips N.V. NY Registry Shares (PHG) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHG and SPY?
Over the past 3 years, PHG and SPY moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 191.8 %².
Within PHG's tracked universe of 14 assets, SPY comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 19.6 points (+1.0% versus +20.6%). Note the risk asymmetry: PHG 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.
PHG vs SPY: side by side
| PHG (Koninklijke Philips N.V. NY Registry Shares) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +1.0% | +20.6% |
| 5-year return | -32.8% | +82.4% |
| Volatility (ann.) | 33.4% | 14.5% |
| Beta vs S&P 500 | 0.92 | 1.00 |
| Max drawdown (3Y) | -33.8% | -18.8% |
| Market cap | $26.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 3.15% | 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 | PHG | SPY |
|---|---|---|
| 2022 | -57.6% | -18.2% |
| 2023 | +55.6% | +26.2% |
| 2024 | +8.5% | +24.9% |
| 2025 | +11.2% | +17.7% |
| 2026 | +3.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHG and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PHG and SPY?
As of 2026-08-27, the correlation of weekly returns between PHG and SPY is 0.40 over 3 years, 0.41 over 1 year and 0.44 over 5 years.
Is SPY a good diversifier for PHG?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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: PHG correlations · SPY correlations
