PRTH vs SPY: Correlation
How closely do Priority Technology Holdings, Inc. (PRTH) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRTH and SPY?
Across a 3-year window, the weekly returns of PRTH and SPY correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 318.5 %².
By 3-year correlation, SPY places #6 of the 11 assets tracked against PRTH. Correlation aside, the last 12 months split them widely, with SPY ahead by 55.7 points (-35.1% versus +20.6%). One caveat on sizing: PRTH is 4.9 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.
PRTH vs SPY: side by side
| PRTH (Priority Technology Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -35.1% | +20.6% |
| 5-year return | -9.8% | +82.4% |
| Volatility (ann.) | 70.7% | 14.5% |
| Beta vs S&P 500 | 1.52 | 1.00 |
| Max drawdown (3Y) | -62.2% | -18.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 8.1 | – |
| 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 | PRTH | SPY |
|---|---|---|
| 2022 | -25.7% | -18.2% |
| 2023 | -32.3% | +26.2% |
| 2024 | +230.1% | +24.9% |
| 2025 | -53.6% | +17.7% |
| 2026 | -0.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRTH and SPY good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRTH and SPY?
As of 2026-08-27, the correlation of weekly returns between PRTH and SPY is 0.31 over 3 years, 0.28 over 1 year and 0.23 over 5 years.
Is SPY a good diversifier for PRTH?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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: PRTH correlations · SPY correlations
