RVLV vs SPY: Correlation
Revolve Group, Inc. (RVLV) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVLV and SPY?
Across a 3-year window, the weekly returns of RVLV and SPY correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.44). Stretching to 5 years gives 0.52, with an annualized covariance of 342.1 %².
Within RVLV's tracked universe of 21 assets, SPY comes in at #14 by 3-year correlation. The last year tells two different stories: SPY led by 20.5 percentage points, +0.1% for RVLV against +20.6% for SPY. Risk is not evenly split, since RVLV carries 3.7 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.
RVLV vs SPY: side by side
| RVLV (Revolve Group, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +0.1% | +20.6% |
| 5-year return | -59.7% | +82.4% |
| Volatility (ann.) | 54.1% | 14.5% |
| Beta vs S&P 500 | 1.64 | 1.00 |
| Max drawdown (3Y) | -56.0% | -18.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 23.0 | – |
| 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 | RVLV | SPY |
|---|---|---|
| 2022 | -60.3% | -18.2% |
| 2023 | -25.5% | +26.2% |
| 2024 | +102.0% | +24.9% |
| 2025 | -9.9% | +17.7% |
| 2026 | -23.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVLV and SPY good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RVLV and SPY?
As of 2026-08-27, the correlation of weekly returns between RVLV and SPY is 0.44 over 3 years, 0.20 over 1 year and 0.52 over 5 years.
Is SPY a good diversifier for RVLV?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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: RVLV correlations · SPY correlations
