PRI vs SPY: Correlation
How closely do Primerica, Inc. (PRI) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRI and SPY?
Over the past 3 years, PRI and SPY moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.51). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 160.5 %².
By 3-year correlation, SPY places #7 of the 14 assets tracked against PRI. Over the last 12 months SPY came out ahead by 10.7 percentage points (+9.9% against +20.6%).
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.
PRI vs SPY: side by side
| PRI (Primerica, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +9.9% | +20.6% |
| 5-year return | +105.4% | +82.4% |
| Volatility (ann.) | 21.7% | 14.5% |
| Beta vs S&P 500 | 0.77 | 1.00 |
| Max drawdown (3Y) | -19.6% | -18.8% |
| Market cap | $9.0B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 1.54% | 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 | PRI | SPY |
|---|---|---|
| 2022 | -5.9% | -18.2% |
| 2023 | +47.1% | +26.2% |
| 2024 | +33.6% | +24.9% |
| 2025 | -3.3% | +17.7% |
| 2026 | +14.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRI and SPY good diversifiers for each other?
Only partially. A correlation of 0.51 means PRI and SPY 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 PRI and SPY?
As of 2026-08-27, the correlation of weekly returns between PRI and SPY is 0.51 over 3 years, 0.34 over 1 year and 0.54 over 5 years.
Is SPY a good diversifier for PRI?
Only partially. A correlation of 0.51 means PRI and SPY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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: PRI correlations · SPY correlations
