RGT vs SPY: Correlation
Royce Global Trust, Inc. (RGT) and SPDR S&P 500 ETF Trust (SPY) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGT and SPY?
On 3 years of weekly data the RGT/SPY correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 190.1 %².
Among the 23 assets we track against RGT, SPY ranks #6 by 3-year correlation. Neither side won the trailing year by much: +24.1% against +20.6%.
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.
RGT vs SPY: side by side
| RGT (Royce Global Trust, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +24.1% | +20.6% |
| 5-year return | +25.5% | +82.4% |
| Volatility (ann.) | 17.0% | 14.5% |
| Beta vs S&P 500 | 0.91 | 1.00 |
| Max drawdown (3Y) | -19.0% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.4 | – |
| 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 | RGT | SPY |
|---|---|---|
| 2022 | -33.1% | -18.2% |
| 2023 | +14.6% | +26.2% |
| 2024 | +14.4% | +24.9% |
| 2025 | +24.1% | +17.7% |
| 2026 | +18.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGT and SPY good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RGT and SPY?
As of 2026-08-27, the correlation of weekly returns between RGT and SPY is 0.77 over 3 years, 0.73 over 1 year and 0.80 over 5 years.
Is SPY a good diversifier for RGT?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RGT correlations · SPY correlations
