RCI vs SPY: Correlation
Rogers Communication, Inc. (RCI) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCI and SPY?
Over the past 3 years, RCI and SPY moved with a correlation of 0.14, which is weak. The past 12 months show a weaker link (-0.04) than the 3-year average (0.14). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 51.3 %².
Out of 11 assets tracked against RCI, SPY lands near the bottom at #7. The last year tells two different stories: SPY led by 15.8 percentage points, +4.8% for RCI against +20.6% for SPY. Risk is not evenly split, since RCI carries 1.7 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.
RCI vs SPY: side by side
| RCI (Rogers Communication, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +4.8% | +20.6% |
| 5-year return | -14.6% | +82.4% |
| Volatility (ann.) | 24.8% | 14.5% |
| Beta vs S&P 500 | 0.25 | 1.00 |
| Max drawdown (3Y) | -48.2% | -18.8% |
| Market cap | $19.7B | – |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 5.42% | 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 | RCI | SPY |
|---|---|---|
| 2022 | +1.6% | -18.2% |
| 2023 | +3.4% | +26.2% |
| 2024 | -31.9% | +24.9% |
| 2025 | +27.3% | +17.7% |
| 2026 | -1.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCI and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between RCI and SPY?
As of 2026-08-27, the correlation of weekly returns between RCI and SPY is 0.14 over 3 years, -0.04 over 1 year and 0.29 over 5 years.
Is SPY a good diversifier for RCI?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 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.
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Related comparisons
Hubs: RCI correlations · SPY correlations
