SIRI vs SPYV: Correlation
How closely do SiriusXM Holdings Inc. (SIRI) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIRI and SPYV?
On 3 years of weekly data the SIRI/SPYV correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 274.6 %².
SPYV is one of the assets that tracks SIRI most closely: it ranks #1 out of the 11 assets we track against SIRI. Over the last 12 months SIRI came out ahead by 7.4 percentage points (+25.9% against +18.5%). One caveat on sizing: SIRI is 3.9 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.
SIRI vs SPYV: side by side
| SIRI (SiriusXM Holdings Inc.) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +25.9% | +18.5% |
| 5-year return | -45.1% | +73.5% |
| Volatility (ann.) | 46.6% | 12.1% |
| Beta vs S&P 500 | 1.30 | 0.70 |
| Max drawdown (3Y) | -64.5% | -17.5% |
| Market cap | $9.6B | – |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 3.79% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | US Listed | 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 | SIRI | SPYV |
|---|---|---|
| 2022 | -3.2% | -5.3% |
| 2023 | -4.3% | +22.2% |
| 2024 | -56.9% | +12.2% |
| 2025 | -8.0% | +13.2% |
| 2026 | +47.1% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIRI and SPYV good diversifiers for each other?
Reasonably. At 0.49, SIRI and SPYV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SIRI and SPYV?
The SIRI/SPYV correlation stands at 0.49 on a 3-year window (1 year: 0.55, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SPYV a good diversifier for SIRI?
Reasonably. At 0.49, SIRI and SPYV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/siri-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/siri-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SIRI correlations · SPYV correlations
