SPY vs STC: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Stewart Information Services Corporation (STC) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and STC?
On 3 years of weekly data the SPY/STC correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 154.0 %².
By 3-year correlation, STC places #1496 of the 4755 assets tracked against SPY. The last year tells two different stories: SPY led by 22.1 percentage points, +20.6% for SPY against -1.5% for STC. Risk is not evenly split, since STC carries 2.0 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.
SPY vs STC: side by side
| SPY (SPDR S&P 500 ETF Trust) | STC (Stewart Information Services Corporation) | |
|---|---|---|
| 1-year return | +20.6% | -1.5% |
| 5-year return | +82.4% | +29.2% |
| Volatility (ann.) | 14.5% | 28.9% |
| Beta vs S&P 500 | 1.00 | 0.74 |
| Max drawdown (3Y) | -18.8% | -24.7% |
| Market cap | – | $2.1B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 1.01% | 3.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, SPY sits in the Large Blend category at State Street Investment Management, with $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | STC |
|---|---|---|
| 2022 | -18.2% | -44.6% |
| 2023 | +26.2% | +43.3% |
| 2024 | +24.9% | +18.2% |
| 2025 | +17.7% | +7.2% |
| 2026 | +13.7% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and STC good diversifiers for each other?
Reasonably. At 0.37, SPY and STC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and STC?
As of 2026-08-27, the correlation of weekly returns between SPY and STC is 0.37 over 3 years, 0.28 over 1 year and 0.47 over 5 years.
Is STC a good diversifier for SPY?
Reasonably. At 0.37, SPY and STC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/spy-vs-stc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-stc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · STC correlations
