RVTY vs SPY: Correlation
Revvity (RVTY) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVTY and SPY?
On 3 years of weekly data the RVTY/SPY correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 168.7 %².
Within RVTY's tracked universe of 39 assets, SPY comes in at #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVTY outperformed by 26.2 percentage points (+46.8% for RVTY against +20.6% for SPY). This link changes with the market regime, having swung between 0.13 and 0.74 on a rolling one-year basis. One caveat on sizing: RVTY is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RVTY vs SPY: side by side
| RVTY (Revvity) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +46.8% | +20.6% |
| 5-year return | -30.2% | +82.4% |
| Volatility (ann.) | 34.2% | 14.5% |
| Beta vs S&P 500 | 0.81 | 1.00 |
| Max drawdown (3Y) | -35.3% | -18.8% |
| Market cap | $14.5B | – |
| P/E (trailing) | 62.4 | – |
| Dividend yield | 0.22% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Health Care | 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 | RVTY | SPY |
|---|---|---|
| 2022 | -30.1% | -18.2% |
| 2023 | -21.9% | +26.2% |
| 2024 | +2.4% | +24.9% |
| 2025 | -13.1% | +17.7% |
| 2026 | +34.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVTY and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RVTY and SPY?
As of 2026-08-27, the correlation of weekly returns between RVTY and SPY is 0.34 over 3 years, 0.35 over 1 year and 0.50 over 5 years.
Is SPY a good diversifier for RVTY?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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: RVTY correlations · SPY correlations
