SPY vs SWAG: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and Stran & Company, Inc. (SWAG) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and SWAG?
On 3 years of weekly data the SPY/SWAG correlation comes out at 0.24, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 208.5 %².
Within SPY's tracked universe of 4755 assets, SWAG comes in at #2883 by 3-year correlation. The last year tells two different stories: SPY led by 15.0 percentage points, +20.6% for SPY against +5.6% for SWAG. Risk is not evenly split, since SWAG carries 4.1 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 SWAG: side by side
| SPY (SPDR S&P 500 ETF Trust) | SWAG (Stran & Company, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +5.6% |
| 5-year return | +82.4% | -56.8% |
| Volatility (ann.) | 14.5% | 59.3% |
| Beta vs S&P 500 | 1.00 | 1.00 |
| Max drawdown (3Y) | -18.8% | -56.0% |
| Market cap | – | – |
| P/E (trailing) | – | 171.0 |
| Dividend yield | 1.01% | 0.00% |
| 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 | SWAG |
|---|---|---|
| 2022 | -18.2% | -77.9% |
| 2023 | +26.2% | +10.4% |
| 2024 | +24.9% | -39.2% |
| 2025 | +17.7% | +84.4% |
| 2026 | +13.7% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and SWAG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and SWAG?
As of 2026-08-27, the correlation of weekly returns between SPY and SWAG is 0.24 over 3 years, 0.18 over 1 year and 0.20 over 5 years.
Is SWAG a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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/spy-vs-swag.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-swag/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · SWAG correlations
