SNFCA vs SPY: Correlation
Measured on weekly returns over the past three years, Security National Financial Corporation (SNFCA) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNFCA and SPY?
Across a 3-year window, the weekly returns of SNFCA and SPY correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.45 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 223.6 %².
Within SNFCA's tracked universe of 12 assets, SPY comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 16.2 percentage points (+4.4% for SNFCA against +20.6% for SPY). Risk is not evenly split, since SNFCA carries 2.4 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.
SNFCA vs SPY: side by side
| SNFCA (Security National Financial Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +4.4% | +20.6% |
| 5-year return | +22.0% | +82.4% |
| Volatility (ann.) | 34.6% | 14.5% |
| Beta vs S&P 500 | 1.07 | 1.00 |
| Max drawdown (3Y) | -39.5% | -18.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 6.9 | – |
| 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 | SNFCA | SPY |
|---|---|---|
| 2022 | -16.7% | -18.2% |
| 2023 | +29.5% | +26.2% |
| 2024 | +40.4% | +24.9% |
| 2025 | -21.4% | +17.7% |
| 2026 | +1.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNFCA and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SNFCA and SPY?
The SNFCA/SPY correlation stands at 0.45 on a 3-year window (1 year: 0.20, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for SNFCA?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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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Hubs: SNFCA correlations · SPY correlations
