POOL vs SPY: Correlation
Pool Corporation (POOL) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are POOL and SPY?
On 3 years of weekly data the POOL/SPY correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 166.4 %².
SPY is close to the least connected end of POOL's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with SPY ahead by 60.6 points (-40.0% versus +20.6%). Note the risk asymmetry: POOL runs 2.2 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.
POOL vs SPY: side by side
| POOL (Pool Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -40.0% | +20.6% |
| 5-year return | -59.3% | +82.4% |
| Volatility (ann.) | 32.4% | 14.5% |
| Beta vs S&P 500 | 0.80 | 1.00 |
| Max drawdown (3Y) | -56.8% | -18.8% |
| Market cap | $6.8B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.68% | 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 | POOL | SPY |
|---|---|---|
| 2022 | -46.0% | -18.2% |
| 2023 | +33.5% | +26.2% |
| 2024 | -13.4% | +24.9% |
| 2025 | -31.8% | +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 POOL and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between POOL and SPY?
The POOL/SPY correlation stands at 0.35 on a 3-year window (1 year: 0.26, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for POOL?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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: POOL correlations · SPY correlations
