SPY vs TMP: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and Tompkins Financial Corporation (TMP) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TMP?
Over the past 3 years, SPY and TMP moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.07) than the 3-year average (0.33). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 150.3 %².
Within SPY's tracked universe of 4755 assets, TMP comes in at #1913 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TMP ahead by 21.2 points (+20.6% versus +41.8%). Note the risk asymmetry: TMP runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TMP: side by side
| SPY (SPDR S&P 500 ETF Trust) | TMP (Tompkins Financial Corporation) | |
|---|---|---|
| 1-year return | +20.6% | +41.8% |
| 5-year return | +82.4% | +49.6% |
| Volatility (ann.) | 14.5% | 31.6% |
| Beta vs S&P 500 | 1.00 | 0.72 |
| Max drawdown (3Y) | -18.8% | -30.9% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 1.01% | 2.68% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | TMP |
|---|---|---|
| 2022 | -18.2% | -4.4% |
| 2023 | +26.2% | -19.2% |
| 2024 | +24.9% | +17.8% |
| 2025 | +17.7% | +11.1% |
| 2026 | +13.7% | +37.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TMP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and TMP?
The SPY/TMP correlation stands at 0.33 on a 3-year window (1 year: 0.07, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is TMP a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-tmp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-tmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · TMP correlations
