PMTS vs SPY: Correlation
CPI Card Group Inc. (PMTS) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMTS and SPY?
Across a 3-year window, the weekly returns of PMTS and SPY correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 315.7 %².
Among the 12 assets we track against PMTS, SPY sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months PMTS outperformed by 65.9 percentage points (+86.5% for PMTS against +20.6% for SPY). One caveat on sizing: PMTS is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PMTS vs SPY: side by side
| PMTS (CPI Card Group Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +86.5% | +20.6% |
| 5-year return | +3.4% | +82.4% |
| Volatility (ann.) | 65.4% | 14.5% |
| Beta vs S&P 500 | 1.51 | 1.00 |
| Max drawdown (3Y) | -67.1% | -18.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 25.2 | – |
| 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 | PMTS | SPY |
|---|---|---|
| 2022 | +94.5% | -18.2% |
| 2023 | -46.8% | +26.2% |
| 2024 | +55.8% | +24.9% |
| 2025 | -50.9% | +17.7% |
| 2026 | +97.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMTS and SPY good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PMTS and SPY?
As of 2026-08-27, the correlation of weekly returns between PMTS and SPY is 0.33 over 3 years, 0.28 over 1 year and 0.27 over 5 years.
Is SPY a good diversifier for PMTS?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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: PMTS correlations · SPY correlations
