SPY vs VCIG: Correlation
SPDR S&P 500 ETF Trust (SPY) and VCI Global Limited (VCIG) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VCIG?
On 3 years of weekly data the SPY/VCIG correlation comes out at 0.08, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.11 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 820.8 %².
By 3-year correlation, VCIG places #4249 of the 4755 assets tracked against SPY. Correlation aside, the last 12 months split them widely, with SPY ahead by 120.4 points (+20.6% versus -99.8%). Risk is not evenly split, since VCIG carries 52.0 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 VCIG: side by side
| SPY (SPDR S&P 500 ETF Trust) | VCIG (VCI Global Limited) | |
|---|---|---|
| 1-year return | +20.6% | -99.8% |
| 5-year return | +82.4% | n/a |
| Volatility (ann.) | 14.5% | 754.7% |
| Beta vs S&P 500 | 1.00 | 3.93 |
| Max drawdown (3Y) | -18.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.01% | 0.00% |
| 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 | VCIG |
|---|---|---|
| 2022 | -18.2% | – |
| 2023 | +26.2% | – |
| 2024 | +24.9% | -98.4% |
| 2025 | +17.7% | -99.9% |
| 2026 | +13.7% | -91.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VCIG good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and VCIG?
The SPY/VCIG correlation stands at 0.08 on a 3-year window (1 year: 0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VCIG a good diversifier for SPY?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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-vcig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spy-vs-vcig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · VCIG correlations
