SPY vs TTWO: Correlation
SPDR S&P 500 ETF Trust (SPY) and Take-Two Interactive (TTWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TTWO?
Over the past 3 years, SPY and TTWO moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 177.6 %².
Among the 4755 assets we track against SPY, TTWO ranks #748 by 3-year correlation. The last year tells two different stories: SPY led by 20.2 percentage points, +20.6% for SPY against +0.4% for TTWO. On a rolling one-year basis the correlation drifted between 0.35 and 0.63, a moderate band. Note the risk asymmetry: TTWO runs 1.9 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 TTWO: side by side
| SPY (SPDR S&P 500 ETF Trust) | TTWO (Take-Two Interactive) | |
|---|---|---|
| 1-year return | +20.6% | +0.4% |
| 5-year return | +82.4% | +47.3% |
| Volatility (ann.) | 14.5% | 27.3% |
| Beta vs S&P 500 | 1.00 | 0.85 |
| Max drawdown (3Y) | -18.8% | -27.7% |
| Market cap | – | $43.6B |
| P/E (trailing) | – | – |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | Communication Services |
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 | TTWO |
|---|---|---|
| 2022 | -18.2% | -41.4% |
| 2023 | +26.2% | +54.6% |
| 2024 | +24.9% | +14.4% |
| 2025 | +17.7% | +39.1% |
| 2026 | +13.7% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.06% of SPY is TTWO itself, so the fund partly moves with the stock by construction.
Are SPY and TTWO good diversifiers for each other?
Reasonably. At 0.45, SPY and TTWO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and TTWO?
As of 2026-08-27, the correlation of weekly returns between SPY and TTWO is 0.45 over 3 years, 0.43 over 1 year and 0.43 over 5 years.
Is TTWO a good diversifier for SPY?
Reasonably. At 0.45, SPY and TTWO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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
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Related comparisons
Hubs: SPY correlations · TTWO correlations
