SEVN vs SPY: Correlation
Seven Hills Realty Trust (SEVN) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEVN and SPY?
Across a 3-year window, the weekly returns of SEVN and SPY correlate at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.29 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 111.2 %².
Among the 11 assets we track against SEVN, SPY sits near the bottom by co-movement, at rank #7. The last year tells two different stories: SPY led by 41.3 percentage points, -20.7% for SEVN against +20.6% for SPY. Note the risk asymmetry: SEVN runs 1.8 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.
SEVN vs SPY: side by side
| SEVN (Seven Hills Realty Trust) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -20.7% | +20.6% |
| 5-year return | +17.9% | +82.4% |
| Volatility (ann.) | 26.6% | 14.5% |
| Beta vs S&P 500 | 0.53 | 1.00 |
| Max drawdown (3Y) | -34.7% | -18.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 14.70% | 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 | SEVN | SPY |
|---|---|---|
| 2022 | -3.8% | -18.2% |
| 2023 | +61.8% | +26.2% |
| 2024 | +12.1% | +24.9% |
| 2025 | -24.3% | +17.7% |
| 2026 | -5.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEVN and SPY good diversifiers for each other?
Reasonably. At 0.29, SEVN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SEVN and SPY?
As of 2026-08-27, the correlation of weekly returns between SEVN and SPY is 0.29 over 3 years, 0.07 over 1 year and 0.26 over 5 years.
Is SPY a good diversifier for SEVN?
Reasonably. At 0.29, SEVN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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: SEVN correlations · SPY correlations
