SBUX vs SPYV: Correlation
How closely do Starbucks (SBUX) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBUX and SPYV?
Across a 3-year window, the weekly returns of SBUX and SPYV correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 210.4 %².
In SBUX's tracked universe of 38 assets, SPYV sits right near the top at #3. On 12-month performance SBUX holds a 7.0-point edge, +25.5% against +18.5%. Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.74. Risk is not evenly split, since SBUX carries 2.8 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.
SBUX vs SPYV: side by side
| SBUX (Starbucks) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +25.5% | +18.5% |
| 5-year return | +4.5% | +73.5% |
| Volatility (ann.) | 34.2% | 12.1% |
| Beta vs S&P 500 | 1.10 | 0.70 |
| Max drawdown (3Y) | -32.0% | -17.5% |
| Market cap | $122.3B | – |
| P/E (trailing) | 62.7 | – |
| Dividend yield | 2.29% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Consumer Discretionary | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | SBUX | SPYV |
|---|---|---|
| 2022 | -13.2% | -5.3% |
| 2023 | -1.2% | +22.2% |
| 2024 | -2.5% | +12.2% |
| 2025 | -5.3% | +13.2% |
| 2026 | +29.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYV holds SBUX at a 0.41% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are SBUX and SPYV good diversifiers for each other?
Only partially. A correlation of 0.51 means SBUX and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SBUX and SPYV?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.47 over the last year and 0.52 over 5 years.
Is SPYV a good diversifier for SBUX?
Only partially. A correlation of 0.51 means SBUX and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/sbux-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sbux-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SBUX correlations · SPYV correlations
