PLTR vs SPYG: Correlation
Palantir Technologies (PLTR) and SPDR Portfolio S&P 500 Growth ETF (SPYG) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLTR and SPYG?
On 3 years of weekly data the PLTR/SPYG correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 725.4 %².
Among the 36 assets we track against PLTR, SPYG ranks #11 by 3-year correlation. Their 12-month results are close: +18.6% for PLTR against +22.4% for SPYG. On a rolling one-year basis the correlation drifted between 0.35 and 0.67, a moderate band. Note the risk asymmetry: PLTR runs 3.8 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.
PLTR vs SPYG: side by side
| PLTR (Palantir Technologies) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +18.6% | +22.4% |
| 5-year return | +621.8% | +85.9% |
| Volatility (ann.) | 71.3% | 18.9% |
| Beta vs S&P 500 | 2.47 | 1.25 |
| Max drawdown (3Y) | -48.2% | -22.1% |
| Market cap | $446.8B | – |
| P/E (trailing) | 151.2 | – |
| Dividend yield | 0.00% | 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 | PLTR | SPYG |
|---|---|---|
| 2022 | -64.7% | -29.4% |
| 2023 | +167.4% | +30.0% |
| 2024 | +340.5% | +36.0% |
| 2025 | +135.0% | +22.1% |
| 2026 | +4.6% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
PLTR represents 1.14% of SPYG's portfolio, so part of any move in SPYG is PLTR itself, and the correlation between them is partly mechanical.
Are PLTR and SPYG good diversifiers for each other?
Only partially. A correlation of 0.54 means PLTR 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 PLTR and SPYG?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.49 over the last year and 0.55 over 5 years.
Is SPYG a good diversifier for PLTR?
Only partially. A correlation of 0.54 means PLTR 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 0.54 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/pltr-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pltr-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLTR correlations · SPYG correlations
