SPY vs VERI: Correlation
SPDR S&P 500 ETF Trust (SPY) and Veritone, Inc. (VERI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VERI?
On 3 years of weekly data the SPY/VERI correlation comes out at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.35 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 607.8 %².
Among the 4755 assets we track against SPY, VERI ranks #1710 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 93.6 percentage points (+20.6% for SPY against -73.0% for VERI). Risk is not evenly split, since VERI carries 8.2 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 VERI: side by side
| SPY (SPDR S&P 500 ETF Trust) | VERI (Veritone, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -73.0% |
| 5-year return | +82.4% | -95.9% |
| Volatility (ann.) | 14.5% | 118.8% |
| Beta vs S&P 500 | 1.00 | 2.91 |
| Max drawdown (3Y) | -18.8% | -90.5% |
| Market cap | – | $0.1B |
| 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 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 | VERI |
|---|---|---|
| 2022 | -18.2% | -76.4% |
| 2023 | +26.2% | -65.8% |
| 2024 | +24.9% | +81.2% |
| 2025 | +17.7% | +41.8% |
| 2026 | +13.7% | -82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VERI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and VERI?
The SPY/VERI correlation stands at 0.35 on a 3-year window (1 year: 0.49, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is VERI a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: SPY correlations · VERI correlations
