SPGI vs TYL: Correlation
Measured on weekly returns over the past three years, S&P Global (SPGI) and Tyler Technologies (TYL) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPGI and TYL?
Across a 3-year window, the weekly returns of SPGI and TYL correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 415.2 %².
By 3-year correlation, TYL places #12 of the 40 assets tracked against SPGI. The last year tells two different stories: SPGI led by 18.4 percentage points, -15.6% for SPGI against -34.0% for TYL. The relationship is regime-dependent: the rolling one-year correlation swung between 0.20 and 0.72 over the past three years, so this pair behaves very differently depending on the market environment.
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.
SPGI vs TYL: side by side
| SPGI (S&P Global) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | -15.6% | -34.0% |
| 5-year return | +8.1% | -22.5% |
| Volatility (ann.) | 24.7% | 29.6% |
| Beta vs S&P 500 | 0.86 | 0.61 |
| Max drawdown (3Y) | -30.5% | -57.4% |
| Market cap | $128.4B | $15.1B |
| P/E (trailing) | 26.6 | 46.3 |
| Dividend yield | 0.88% | 0.00% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | SPGI | TYL |
|---|---|---|
| 2022 | -28.4% | -40.1% |
| 2023 | +32.8% | +29.7% |
| 2024 | +13.9% | +37.9% |
| 2025 | +5.7% | -21.3% |
| 2026 | -11.3% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPGI and TYL good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SPGI and TYL?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.64 over the last year and 0.61 over 5 years.
Is TYL a good diversifier for SPGI?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/spgi-vs-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spgi-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPGI correlations · TYL correlations
