SPY vs TRIP: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and TripAdvisor, Inc. (TRIP) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TRIP?
Over the past 3 years, SPY and TRIP moved with a correlation of 0.30, which is moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.30). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 238.1 %².
By 3-year correlation, TRIP places #2245 of the 4755 assets tracked against SPY. The last year tells two different stories: SPY led by 63.4 percentage points, +20.6% for SPY against -42.8% for TRIP. One caveat on sizing: TRIP is 3.8 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 TRIP: side by side
| SPY (SPDR S&P 500 ETF Trust) | TRIP (TripAdvisor, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -42.8% |
| 5-year return | +82.4% | -71.6% |
| Volatility (ann.) | 14.5% | 54.5% |
| Beta vs S&P 500 | 1.00 | 1.14 |
| Max drawdown (3Y) | -18.8% | -67.6% |
| Market cap | – | $1.1B |
| 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 |
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 | TRIP |
|---|---|---|
| 2022 | -18.2% | -34.0% |
| 2023 | +26.2% | +19.7% |
| 2024 | +24.9% | -31.4% |
| 2025 | +17.7% | -1.4% |
| 2026 | +13.7% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TRIP good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and TRIP?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.11 over the last year and 0.35 over 5 years.
Is TRIP a good diversifier for SPY?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-trip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-trip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · TRIP correlations
