PRU vs SPYV: Correlation
How closely do Prudential Financial (PRU) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRU and SPYV?
Across a 3-year window, the weekly returns of PRU and SPYV correlate at 0.66, strong. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.66). Stretching to 5 years gives 0.74, with an annualized covariance of 183.7 %².
By 3-year correlation, SPYV places #9 of the 31 assets tracked against PRU. Twelve-month performance is nearly a tie, at +15.8% for PRU and +18.5% for SPYV. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.81. Risk is not evenly split, since PRU carries 1.9 times the volatility of the other side.
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.
PRU vs SPYV: side by side
| PRU (Prudential Financial) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +15.8% | +18.5% |
| 5-year return | +45.1% | +73.5% |
| Volatility (ann.) | 23.0% | 12.1% |
| Beta vs S&P 500 | 0.79 | 0.70 |
| Max drawdown (3Y) | -25.7% | -17.5% |
| Market cap | $41.5B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.57% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Financials | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | PRU | SPYV |
|---|---|---|
| 2022 | -3.9% | -5.3% |
| 2023 | +10.1% | +22.2% |
| 2024 | +19.5% | +12.2% |
| 2025 | +0.2% | +13.2% |
| 2026 | +10.8% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.14% of SPYV is PRU itself, so the fund partly moves with the stock by construction.
Are PRU and SPYV good diversifiers for each other?
Only partially. A correlation of 0.66 means PRU and SPYV 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 PRU and SPYV?
As of 2026-08-27, the correlation of weekly returns between PRU and SPYV is 0.66 over 3 years, 0.34 over 1 year and 0.74 over 5 years.
Is SPYV a good diversifier for PRU?
Only partially. A correlation of 0.66 means PRU and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pru-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pru-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRU correlations · SPYV correlations
