RGS vs SPY: Correlation
How closely do Regis Corporation (RGS) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGS and SPY?
Across a 3-year window, the weekly returns of RGS and SPY correlate at 0.04, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.22) runs above the 3-year figure (0.04). Stretching to 5 years gives 0.08, with an annualized covariance of 136.6 %².
By 3-year correlation, SPY places #9 of the 14 assets tracked against RGS. Their 12-month results are close: +19.7% for RGS against +20.6% for SPY. Risk is not evenly split, since RGS carries 15.6 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.
RGS vs SPY: side by side
| RGS (Regis Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +19.7% | +20.6% |
| 5-year return | -75.3% | +82.4% |
| Volatility (ann.) | 226.7% | 14.5% |
| Beta vs S&P 500 | 0.65 | 1.00 |
| Max drawdown (3Y) | -81.1% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 0.6 | – |
| 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 | RGS | SPY |
|---|---|---|
| 2022 | -29.9% | -18.2% |
| 2023 | -61.3% | +26.2% |
| 2024 | +151.0% | +24.9% |
| 2025 | +17.0% | +17.7% |
| 2026 | -2.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGS and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between RGS and SPY?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.22 over the last year and 0.08 over 5 years.
Is SPY a good diversifier for RGS?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 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: RGS correlations · SPY correlations
