SPY vs TILE: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Interface, Inc. (TILE) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TILE?
Across a 3-year window, the weekly returns of SPY and TILE correlate at 0.33, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.33 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 194.1 %².
Among the 4755 assets we track against SPY, TILE ranks #1911 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TILE outperformed by 19.7 percentage points (+20.6% for SPY against +40.3% for TILE). One caveat on sizing: TILE is 2.8 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 TILE: side by side
| SPY (SPDR S&P 500 ETF Trust) | TILE (Interface, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +40.3% |
| 5-year return | +82.4% | +167.4% |
| Volatility (ann.) | 14.5% | 40.8% |
| Beta vs S&P 500 | 1.00 | 0.93 |
| Max drawdown (3Y) | -18.8% | -33.6% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 1.01% | 0.26% |
| 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 | TILE |
|---|---|---|
| 2022 | -18.2% | -37.9% |
| 2023 | +26.2% | +28.5% |
| 2024 | +24.9% | +93.4% |
| 2025 | +17.7% | +14.9% |
| 2026 | +13.7% | +36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TILE good diversifiers for each other?
Reasonably. At 0.33, SPY and TILE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and TILE?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.33 over the last year and 0.45 over 5 years.
Is TILE a good diversifier for SPY?
Reasonably. At 0.33, SPY and TILE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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
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Related comparisons
Hubs: SPY correlations · TILE correlations
