QCOM vs SPYG: Correlation
Qualcomm (QCOM) and SPDR Portfolio S&P 500 Growth ETF (SPYG) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCOM and SPYG?
On 3 years of weekly data the QCOM/SPYG correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 490.5 %².
Among the 41 assets we track against QCOM, SPYG ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPYG outperformed by 17.1 percentage points (+5.3% for QCOM against +22.4% for SPYG). Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.82. One caveat on sizing: QCOM is 2.2 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.
QCOM vs SPYG: side by side
| QCOM (Qualcomm) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +5.3% | +22.4% |
| 5-year return | +25.8% | +85.9% |
| Volatility (ann.) | 42.4% | 18.9% |
| Beta vs S&P 500 | 1.77 | 1.25 |
| Max drawdown (3Y) | -44.2% | -22.1% |
| Market cap | $176.0B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.19% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Information Technology | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | QCOM | SPYG |
|---|---|---|
| 2022 | -38.6% | -29.4% |
| 2023 | +35.1% | +30.0% |
| 2024 | +8.3% | +36.0% |
| 2025 | +13.8% | +22.1% |
| 2026 | -2.7% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QCOM and SPYG good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QCOM and SPYG?
As of 2026-08-27, the correlation of weekly returns between QCOM and SPYG is 0.61 over 3 years, 0.55 over 1 year and 0.63 over 5 years.
Is SPYG a good diversifier for QCOM?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qcom-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qcom-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QCOM correlations · SPYG correlations
