ROL vs SPY: Correlation
Measured on weekly returns over the past three years, Rollins, Inc. (ROL) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROL and SPY?
Over the past 3 years, ROL and SPY moved with a correlation of 0.32, which is moderate. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 107.2 %².
Within ROL's tracked universe of 33 assets, SPY comes in at #18 by 3-year correlation. The last year tells two different stories: SPY led by 56.3 percentage points, -35.7% for ROL against +20.6% for SPY. The rolling one-year correlation moved between 0.25 and 0.51 over the past three years, a moderate range. Risk is not evenly split, since ROL carries 1.6 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.
ROL vs SPY: side by side
| ROL (Rollins, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -35.7% | +20.6% |
| 5-year return | -1.8% | +82.4% |
| Volatility (ann.) | 23.2% | 14.5% |
| Beta vs S&P 500 | 0.51 | 1.00 |
| Max drawdown (3Y) | -44.6% | -18.8% |
| Market cap | $17.3B | – |
| P/E (trailing) | 32.7 | – |
| Dividend yield | 1.94% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Industrials | 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 | ROL | SPY |
|---|---|---|
| 2022 | +8.1% | -18.2% |
| 2023 | +21.2% | +26.2% |
| 2024 | +7.6% | +24.9% |
| 2025 | +31.1% | +17.7% |
| 2026 | -39.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROL and SPY good diversifiers for each other?
Reasonably. At 0.32, ROL and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ROL and SPY?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.23 over the last year and 0.41 over 5 years.
Is SPY a good diversifier for ROL?
Reasonably. At 0.32, ROL and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/rol-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rol-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROL correlations · SPY correlations
