SPXC vs TDAY: Correlation
Measured on weekly returns over the past three years, SPX Technologies, Inc. (SPXC) and USA TODAY Co., Inc. (TDAY) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPXC and TDAY?
Across a 3-year window, the weekly returns of SPXC and TDAY correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 761.5 %².
TDAY is close to the least connected end of SPXC's tracked universe, ranking #13 of 16. The last year tells two different stories: TDAY led by 49.4 percentage points, +6.7% for SPXC against +56.1% for TDAY. One caveat on sizing: TDAY is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SPXC vs TDAY: side by side
| SPXC (SPX Technologies, Inc.) | TDAY (USA TODAY Co., Inc.) | |
|---|---|---|
| 1-year return | +6.7% | +56.1% |
| 5-year return | +226.0% | -0.3% |
| Volatility (ann.) | 33.7% | 58.6% |
| Beta vs S&P 500 | 1.20 | 0.79 |
| Max drawdown (3Y) | -33.5% | -54.6% |
| Market cap | $10.3B | $0.9B |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPXC | TDAY |
|---|---|---|
| 2022 | +10.0% | -61.9% |
| 2023 | +53.9% | +13.3% |
| 2024 | +44.1% | +120.0% |
| 2025 | +37.5% | +1.8% |
| 2026 | +2.6% | +24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPXC and TDAY good diversifiers for each other?
Reasonably. At 0.39, SPXC and TDAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPXC and TDAY?
The SPXC/TDAY correlation stands at 0.39 on a 3-year window (1 year: 0.45, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TDAY a good diversifier for SPXC?
Reasonably. At 0.39, SPXC and TDAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spxc-vs-tday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spxc-vs-tday/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPXC correlations · TDAY correlations
