SPY vs VABK: Correlation
SPDR S&P 500 ETF Trust (SPY) and Virginia National Bankshares Corporation (VABK) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VABK?
Across a 3-year window, the weekly returns of SPY and VABK correlate at 0.29, weak. The past 12 months show a tighter link (0.41) than the 3-year average (0.29). Stretching to 5 years gives 0.24, with an annualized covariance of 147.7 %².
By 3-year correlation, VABK places #2367 of the 4755 assets tracked against SPY. Neither side won the trailing year by much: +20.6% against +16.0%. One caveat on sizing: VABK is 2.4 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 VABK: side by side
| SPY (SPDR S&P 500 ETF Trust) | VABK (Virginia National Bankshares Corporation) | |
|---|---|---|
| 1-year return | +20.6% | +16.0% |
| 5-year return | +82.4% | +50.7% |
| Volatility (ann.) | 14.5% | 35.4% |
| Beta vs S&P 500 | 1.00 | 0.71 |
| Max drawdown (3Y) | -18.8% | -40.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 1.01% | 3.10% |
| 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 | VABK |
|---|---|---|
| 2022 | -18.2% | +0.3% |
| 2023 | +26.2% | -2.5% |
| 2024 | +24.9% | +15.5% |
| 2025 | +17.7% | +8.2% |
| 2026 | +13.7% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VABK good diversifiers for each other?
Reasonably. At 0.29, SPY and VABK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and VABK?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.41 over the last year and 0.24 over 5 years.
Is VABK a good diversifier for SPY?
Reasonably. At 0.29, SPY and VABK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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-vabk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-vabk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · VABK correlations
