SPY vs TECK: Correlation
SPDR S&P 500 ETF Trust (SPY) and Teck Resources Ltd (TECK) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TECK?
On 3 years of weekly data the SPY/TECK correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.53 over 3. The 5-year figure is 0.40, and annualized covariance runs at 307.3 %².
Among the 4755 assets we track against SPY, TECK ranks #359 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TECK outperformed by 94.8 percentage points (+20.6% for SPY against +115.4% for TECK). Risk is not evenly split, since TECK carries 2.8 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 TECK: side by side
| SPY (SPDR S&P 500 ETF Trust) | TECK (Teck Resources Ltd) | |
|---|---|---|
| 1-year return | +20.6% | +115.4% |
| 5-year return | +82.4% | +233.4% |
| Volatility (ann.) | 14.5% | 40.4% |
| Beta vs S&P 500 | 1.00 | 1.47 |
| Max drawdown (3Y) | -18.8% | -46.1% |
| Market cap | – | $34.6B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 1.01% | 0.70% |
| 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 | TECK |
|---|---|---|
| 2022 | -18.2% | +33.8% |
| 2023 | +26.2% | +14.0% |
| 2024 | +24.9% | -2.6% |
| 2025 | +17.7% | +19.0% |
| 2026 | +13.7% | +47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TECK good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SPY and TECK?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.52 over the last year and 0.40 over 5 years.
Is TECK a good diversifier for SPY?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-teck.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-teck/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · TECK correlations
