SPY vs SYNA: Correlation
SPDR S&P 500 ETF Trust (SPY) and Synaptics Incorporated (SYNA) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and SYNA?
Over the past 3 years, SPY and SYNA moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.63). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 450.0 %².
Among the 4755 assets we track against SPY, SYNA ranks #146 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SYNA ahead by 17.2 points (+20.6% versus +37.8%). Risk is not evenly split, since SYNA carries 3.4 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 SYNA: side by side
| SPY (SPDR S&P 500 ETF Trust) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +20.6% | +37.8% |
| 5-year return | +82.4% | -48.2% |
| Volatility (ann.) | 14.5% | 49.6% |
| Beta vs S&P 500 | 1.00 | 2.15 |
| Max drawdown (3Y) | -18.8% | -64.2% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
SPY, State Street Investment Management's Large Blend fund, carries $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | SYNA |
|---|---|---|
| 2022 | -18.2% | -67.1% |
| 2023 | +26.2% | +19.9% |
| 2024 | +24.9% | -33.1% |
| 2025 | +17.7% | -3.0% |
| 2026 | +13.7% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and SYNA good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SPY and SYNA?
The SPY/SYNA correlation stands at 0.63 on a 3-year window (1 year: 0.51, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is SYNA a good diversifier for SPY?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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.
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Related comparisons
Hubs: SPY correlations · SYNA correlations
