SOLV vs SPG: Correlation
How closely do Solventum (SOLV) and Simon Property Group (SPG) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOLV and SPG?
On 3 years of weekly data the SOLV/SPG correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 300.8 %².
By 3-year correlation, SPG places #15 of the 30 assets tracked against SOLV. Their 12-month results are close: +24.7% for SOLV against +26.3% for SPG. The rolling one-year correlation stayed in a tight band between 0.37 and 0.61 over the past three years, which points to a structural rather than episodic relationship.
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.
SOLV vs SPG: side by side
| SOLV (Solventum) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +24.7% | +26.3% |
| 5-year return | n/a | +110.2% |
| Volatility (ann.) | 30.4% | 22.7% |
| Beta vs S&P 500 | 0.62 | 0.79 |
| Max drawdown (3Y) | -40.0% | -24.3% |
| Market cap | $15.5B | $81.6B |
| P/E (trailing) | 11.2 | 15.2 |
| Dividend yield | 0.00% | 4.05% |
| Sector / category | Health Care | Real Estate |
Year-by-year returns
| Year | SOLV | SPG |
|---|---|---|
| 2022 | – | -21.9% |
| 2023 | – | +29.2% |
| 2024 | – | +26.9% |
| 2025 | +20.0% | +12.9% |
| 2026 | +14.8% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOLV and SPG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SOLV and SPG?
As of 2026-08-27, the correlation of weekly returns between SOLV and SPG is 0.47 over 3 years, 0.37 over 1 year and n/a over 5 years.
Is SPG a good diversifier for SOLV?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/solv-vs-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/solv-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SOLV correlations · SPG correlations
