SPY vs UMH: Correlation
SPDR S&P 500 ETF Trust (SPY) and UMH Properties, Inc. (UMH) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and UMH?
On 3 years of weekly data the SPY/UMH correlation comes out at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.31 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 93.0 %².
Among the 4755 assets we track against SPY, UMH ranks #2132 by 3-year correlation. On 12-month performance SPY holds a 9.6-point edge, +20.6% against +11.0%.
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 UMH: side by side
| SPY (SPDR S&P 500 ETF Trust) | UMH (UMH Properties, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +11.0% |
| 5-year return | +82.4% | -11.7% |
| Volatility (ann.) | 14.5% | 20.7% |
| Beta vs S&P 500 | 1.00 | 0.45 |
| Max drawdown (3Y) | -18.8% | -27.3% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 137.5 |
| Dividend yield | 1.01% | 5.40% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
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 | UMH |
|---|---|---|
| 2022 | -18.2% | -38.7% |
| 2023 | +26.2% | +0.2% |
| 2024 | +24.9% | +29.6% |
| 2025 | +17.7% | -11.0% |
| 2026 | +13.7% | +8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and UMH good diversifiers for each other?
Reasonably. At 0.31, SPY and UMH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and UMH?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.14 over the last year and 0.43 over 5 years.
Is UMH a good diversifier for SPY?
Reasonably. At 0.31, SPY and UMH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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
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Related comparisons
Hubs: SPY correlations · UMH correlations
