SPY vs TALO: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and Talos Energy, Inc. (TALO) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TALO?
On 3 years of weekly data the SPY/TALO correlation comes out at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (0.11). The 5-year figure is 0.19, and annualized covariance runs at 73.3 %².
Among the 4755 assets we track against SPY, TALO ranks #4046 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TALO ahead by 54.6 points (+20.6% versus +75.2%). Risk is not evenly split, since TALO carries 3.1 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 TALO: side by side
| SPY (SPDR S&P 500 ETF Trust) | TALO (Talos Energy, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +75.2% |
| 5-year return | +82.4% | +37.6% |
| Volatility (ann.) | 14.5% | 45.1% |
| Beta vs S&P 500 | 1.00 | 0.35 |
| Max drawdown (3Y) | -18.8% | -63.2% |
| Market cap | – | $2.8B |
| 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 |
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 | TALO |
|---|---|---|
| 2022 | -18.2% | +92.7% |
| 2023 | +26.2% | -24.6% |
| 2024 | +24.9% | -31.8% |
| 2025 | +17.7% | +13.5% |
| 2026 | +13.7% | +51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TALO good diversifiers for each other?
Yes. With a correlation of 0.11, SPY and TALO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPY and TALO?
As of 2026-08-27, the correlation of weekly returns between SPY and TALO is 0.11 over 3 years, -0.36 over 1 year and 0.19 over 5 years.
Is TALO a good diversifier for SPY?
Yes. With a correlation of 0.11, SPY and TALO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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 · TALO correlations
