RVSB vs SPY: Correlation
Measured on weekly returns over the past three years, Riverview Bancorp Inc (RVSB) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.10, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVSB and SPY?
On 3 years of weekly data the RVSB/SPY correlation comes out at 0.10, weak. Little has changed lately, as the 1-year reading of 0.04 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 36.3 %².
Within RVSB's tracked universe of 12 assets, SPY comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 17.5 percentage points (+3.1% for RVSB against +20.6% for SPY). Risk is not evenly split, since RVSB carries 1.8 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.
RVSB vs SPY: side by side
| RVSB (Riverview Bancorp Inc) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +3.1% | +20.6% |
| 5-year return | -17.9% | +82.4% |
| Volatility (ann.) | 25.6% | 14.5% |
| Beta vs S&P 500 | 0.17 | 1.00 |
| Max drawdown (3Y) | -42.5% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.55% | 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 | RVSB | SPY |
|---|---|---|
| 2022 | +3.2% | -18.2% |
| 2023 | -13.1% | +26.2% |
| 2024 | -7.4% | +24.9% |
| 2025 | -11.3% | +17.7% |
| 2026 | +4.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVSB and SPY good diversifiers for each other?
Yes. With a correlation of 0.10, RVSB and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RVSB and SPY?
As of 2026-08-27, the correlation of weekly returns between RVSB and SPY is 0.10 over 3 years, 0.04 over 1 year and 0.20 over 5 years.
Is SPY a good diversifier for RVSB?
Yes. With a correlation of 0.10, RVSB and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 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: RVSB correlations · SPY correlations
