SPY vs VEEA: Correlation
SPDR S&P 500 ETF Trust (SPY) and Veea Inc. (VEEA) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VEEA?
Over the past 3 years, SPY and VEEA moved with a correlation of 0.20, which is weak. The link has tightened recently: the 1-year correlation (0.31) runs above the 3-year figure (0.20). Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 256.2 %².
By 3-year correlation, VEEA places #3297 of the 4755 assets tracked against SPY. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 104.0 percentage points (+20.6% for SPY against -83.4% for VEEA). Risk is not evenly split, since VEEA carries 6.2 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 VEEA: side by side
| SPY (SPDR S&P 500 ETF Trust) | VEEA (Veea Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -83.4% |
| 5-year return | +82.4% | -99.0% |
| Volatility (ann.) | 14.5% | 89.4% |
| Beta vs S&P 500 | 1.00 | 1.23 |
| Max drawdown (3Y) | -18.8% | -99.2% |
| 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 |
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 | VEEA |
|---|---|---|
| 2022 | -18.2% | +3.6% |
| 2023 | +26.2% | +7.6% |
| 2024 | +24.9% | -64.9% |
| 2025 | +17.7% | -83.3% |
| 2026 | +13.7% | -84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VEEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and VEEA?
As of 2026-08-27, the correlation of weekly returns between SPY and VEEA is 0.20 over 3 years, 0.31 over 1 year and 0.13 over 5 years.
Is VEEA a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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.
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Related comparisons
Hubs: SPY correlations · VEEA correlations
