SPY vs TSN: Correlation
SPDR S&P 500 ETF Trust (SPY) and Tyson Foods (TSN) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TSN?
On 3 years of weekly data the SPY/TSN correlation comes out at 0.12, weak. Little has changed lately, as the 1-year reading of 0.07 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 38.9 %².
By 3-year correlation, TSN places #3970 of the 4755 assets tracked against SPY. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 20.9 percentage points (+20.6% for SPY against -0.3% for TSN). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.31 to 0.38. Note the risk asymmetry: TSN runs 1.6 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 TSN: side by side
| SPY (SPDR S&P 500 ETF Trust) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +20.6% | -0.3% |
| 5-year return | +82.4% | -17.3% |
| Volatility (ann.) | 14.5% | 22.8% |
| Beta vs S&P 500 | 1.00 | 0.19 |
| Max drawdown (3Y) | -18.8% | -20.3% |
| Market cap | – | $19.5B |
| P/E (trailing) | – | 35.0 |
| Dividend yield | 1.01% | 0.88% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | Consumer Staples |
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 | TSN |
|---|---|---|
| 2022 | -18.2% | -26.9% |
| 2023 | +26.2% | -10.4% |
| 2024 | +24.9% | +10.5% |
| 2025 | +17.7% | +5.7% |
| 2026 | +13.7% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TSN good diversifiers for each other?
Yes. With a correlation of 0.12, SPY and TSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPY and TSN?
The SPY/TSN correlation stands at 0.12 on a 3-year window (1 year: 0.07, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is TSN a good diversifier for SPY?
Yes. With a correlation of 0.12, SPY and TSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 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-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · TSN correlations
