SPY vs TTC: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and Toro Company (The) (TTC) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TTC?
On 3 years of weekly data the SPY/TTC correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.45). The 5-year figure is 0.54, and annualized covariance runs at 204.4 %².
By 3-year correlation, TTC places #747 of the 4755 assets tracked against SPY. Neither side won the trailing year by much: +20.6% against +22.8%. Risk is not evenly split, since TTC carries 2.1 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 TTC: side by side
| SPY (SPDR S&P 500 ETF Trust) | TTC (Toro Company (The)) | |
|---|---|---|
| 1-year return | +20.6% | +22.8% |
| 5-year return | +82.4% | -3.5% |
| Volatility (ann.) | 14.5% | 31.1% |
| Beta vs S&P 500 | 1.00 | 0.98 |
| Max drawdown (3Y) | -18.8% | -36.9% |
| Market cap | – | – |
| P/E (trailing) | – | 28.9 |
| Dividend yield | 1.01% | 1.53% |
| 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 | TTC |
|---|---|---|
| 2022 | -18.2% | +14.9% |
| 2023 | +26.2% | -14.0% |
| 2024 | +24.9% | -15.2% |
| 2025 | +17.7% | +0.3% |
| 2026 | +13.7% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TTC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and TTC?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.21 over the last year and 0.54 over 5 years.
Is TTC a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-ttc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-ttc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · TTC correlations
