SENEA vs SPY: Correlation
Seneca Foods Corp. (SENEA) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SENEA and SPY?
Over the past 3 years, SENEA and SPY moved with a correlation of 0.03, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.14) runs below the 3-year figure (0.03). Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 15.2 %².
By 3-year correlation, SPY places #6 of the 11 assets tracked against SENEA. The last year tells two different stories: SENEA led by 52.7 percentage points, +73.3% for SENEA against +20.6% for SPY. Note the risk asymmetry: SENEA runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SENEA vs SPY: side by side
| SENEA (Seneca Foods Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +73.3% | +20.6% |
| 5-year return | +294.2% | +82.4% |
| Volatility (ann.) | 33.3% | 14.5% |
| Beta vs S&P 500 | 0.07 | 1.00 |
| Max drawdown (3Y) | -22.8% | -18.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 11.1 | – |
| 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 | SENEA | SPY |
|---|---|---|
| 2022 | +27.1% | -18.2% |
| 2023 | -14.0% | +26.2% |
| 2024 | +51.1% | +24.9% |
| 2025 | +39.6% | +17.7% |
| 2026 | +73.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SENEA and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between SENEA and SPY?
Using weekly returns as of 2026-08-27: 0.03 over 3 years, with -0.14 over the last year and 0.11 over 5 years.
Is SPY a good diversifier for SENEA?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: SENEA correlations · SPY correlations
