RAMP vs SPY: Correlation
How closely do LiveRamp Holdings, Inc. (RAMP) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAMP and SPY?
Across a 3-year window, the weekly returns of RAMP and SPY correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.38 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 223.2 %².
Within RAMP's tracked universe of 12 assets, SPY comes in at #7 by 3-year correlation. The last year tells two different stories: RAMP led by 17.5 percentage points, +38.1% for RAMP against +20.6% for SPY. Note the risk asymmetry: RAMP runs 2.8 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.
RAMP vs SPY: side by side
| RAMP (LiveRamp Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +38.1% | +20.6% |
| 5-year return | -22.9% | +82.4% |
| Volatility (ann.) | 40.4% | 14.5% |
| Beta vs S&P 500 | 1.07 | 1.00 |
| Max drawdown (3Y) | -48.2% | -18.8% |
| Market cap | $2.3B | – |
| P/E (trailing) | 15.7 | – |
| 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 | RAMP | SPY |
|---|---|---|
| 2022 | -51.1% | -18.2% |
| 2023 | +61.6% | +26.2% |
| 2024 | -19.8% | +24.9% |
| 2025 | -3.3% | +17.7% |
| 2026 | +28.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAMP and SPY good diversifiers for each other?
Reasonably. At 0.38, RAMP and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RAMP and SPY?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.17 over the last year and 0.51 over 5 years.
Is SPY a good diversifier for RAMP?
Reasonably. At 0.38, RAMP and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ramp-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ramp-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RAMP correlations · SPY correlations
