SNT vs SPY: Correlation
Senstar Technologies Corporation (SNT) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNT and SPY?
Across a 3-year window, the weekly returns of SNT and SPY correlate at 0.16, weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 148.4 %².
Within SNT's tracked universe of 12 assets, SPY comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 82.6 points (-62.0% versus +20.6%). Risk is not evenly split, since SNT carries 4.6 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.
SNT vs SPY: side by side
| SNT (Senstar Technologies Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -62.0% | +20.6% |
| 5-year return | -57.3% | +82.4% |
| Volatility (ann.) | 66.2% | 14.5% |
| Beta vs S&P 500 | 0.71 | 1.00 |
| Max drawdown (3Y) | -69.2% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 85.5 | – |
| 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 | SNT | SPY |
|---|---|---|
| 2022 | -57.7% | -18.2% |
| 2023 | +2.4% | +26.2% |
| 2024 | +166.7% | +24.9% |
| 2025 | +40.4% | +17.7% |
| 2026 | -64.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNT and SPY good diversifiers for each other?
Yes. With a correlation of 0.16, SNT and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SNT and SPY?
The SNT/SPY correlation stands at 0.16 on a 3-year window (1 year: 0.20, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for SNT?
Yes. With a correlation of 0.16, SNT and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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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Related comparisons
Hubs: SNT correlations · SPY correlations
