SONO vs SPYV: Correlation
How closely do Sonos, Inc. (SONO) and SPDR Portfolio S&P 500 Value ETF (SPYV) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SONO and SPYV?
Over the past 3 years, SONO and SPYV moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 310.3 %².
By 3-year correlation, SPYV places #5 of the 14 assets tracked against SONO. Over the last 12 months SPYV came out ahead by 10.2 percentage points (+8.3% against +18.5%). Note the risk asymmetry: SONO runs 3.7 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.
SONO vs SPYV: side by side
| SONO (Sonos, Inc.) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +8.3% | +18.5% |
| 5-year return | -61.8% | +73.5% |
| Volatility (ann.) | 44.8% | 12.1% |
| Beta vs S&P 500 | 1.66 | 0.70 |
| Max drawdown (3Y) | -60.5% | -17.5% |
| Market cap | $1.8B | – |
| P/E (trailing) | 33.6 | – |
| Dividend yield | 0.00% | 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 | SONO | SPYV |
|---|---|---|
| 2022 | -43.3% | -5.3% |
| 2023 | +1.4% | +22.2% |
| 2024 | -12.3% | +12.2% |
| 2025 | +16.8% | +13.2% |
| 2026 | -14.0% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SONO and SPYV good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SONO and SPYV?
As of 2026-08-27, the correlation of weekly returns between SONO and SPYV is 0.57 over 3 years, 0.59 over 1 year and 0.53 over 5 years.
Is SPYV a good diversifier for SONO?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sono-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sono-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SONO correlations · SPYV correlations
