SPY vs TBLA: Correlation
SPDR S&P 500 ETF Trust (SPY) and Taboola.com Ltd. (TBLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TBLA?
On 3 years of weekly data the SPY/TBLA correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.36 over 3. The 5-year figure is 0.43, and annualized covariance runs at 244.8 %².
Within SPY's tracked universe of 4755 assets, TBLA comes in at #1591 by 3-year correlation. On 12-month performance SPY holds a 9.1-point edge, +20.6% against +11.5%. One caveat on sizing: TBLA is 3.3 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.
SPY vs TBLA: side by side
| SPY (SPDR S&P 500 ETF Trust) | TBLA (Taboola.com Ltd.) | |
|---|---|---|
| 1-year return | +20.6% | +11.5% |
| 5-year return | +82.4% | -57.5% |
| Volatility (ann.) | 14.5% | 47.2% |
| Beta vs S&P 500 | 1.00 | 1.17 |
| Max drawdown (3Y) | -18.8% | -47.8% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 9.7 |
| 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 | TBLA |
|---|---|---|
| 2022 | -18.2% | -60.4% |
| 2023 | +26.2% | +40.6% |
| 2024 | +24.9% | -15.7% |
| 2025 | +17.7% | +26.3% |
| 2026 | +13.7% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TBLA good diversifiers for each other?
Reasonably. At 0.36, SPY and TBLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and TBLA?
The SPY/TBLA correlation stands at 0.36 on a 3-year window (1 year: 0.36, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is TBLA a good diversifier for SPY?
Reasonably. At 0.36, SPY and TBLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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-tbla.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-tbla/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · TBLA correlations
