SPY vs VC: Correlation
SPDR S&P 500 ETF Trust (SPY) and Visteon Corporation (VC) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VC?
Across a 3-year window, the weekly returns of SPY and VC correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 137.1 %².
Among the 4755 assets we track against SPY, VC ranks #2016 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 40.1 percentage points (+20.6% for SPY against -19.5% for VC). One caveat on sizing: VC is 2.0 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 VC: side by side
| SPY (SPDR S&P 500 ETF Trust) | VC (Visteon Corporation) | |
|---|---|---|
| 1-year return | +20.6% | -19.5% |
| 5-year return | +82.4% | -3.9% |
| Volatility (ann.) | 14.5% | 29.6% |
| Beta vs S&P 500 | 1.00 | 0.66 |
| Max drawdown (3Y) | -18.8% | -53.5% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 20.0 |
| Dividend yield | 1.01% | 1.25% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, SPY sits in the Large Blend category at State Street Investment Management, with $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | VC |
|---|---|---|
| 2022 | -18.2% | +17.7% |
| 2023 | +26.2% | -4.5% |
| 2024 | +24.9% | -29.0% |
| 2025 | +17.7% | +7.7% |
| 2026 | +13.7% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and VC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.30 over the last year and 0.40 over 5 years.
Is VC a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-vc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spy-vs-vc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · VC correlations
