SPY vs VIVO: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and VivoPower PLC - Class A (VIVO) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VIVO?
Across a 3-year window, the weekly returns of SPY and VIVO correlate at 0.02, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.22) runs above the 3-year figure (0.02). Stretching to 5 years gives 0.04, with an annualized covariance of 65.4 %².
Among the 4755 assets we track against SPY, VIVO ranks #4542 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 44.4 points (+20.6% versus -23.8%). One caveat on sizing: VIVO is 17.7 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 VIVO: side by side
| SPY (SPDR S&P 500 ETF Trust) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | +20.6% | -23.8% |
| 5-year return | +82.4% | -92.6% |
| Volatility (ann.) | 14.5% | 256.4% |
| Beta vs S&P 500 | 1.00 | 0.31 |
| Max drawdown (3Y) | -18.8% | -89.9% |
| 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, 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 | VIVO |
|---|---|---|
| 2022 | -18.2% | -91.9% |
| 2023 | +26.2% | -21.5% |
| 2024 | +24.9% | -31.1% |
| 2025 | +17.7% | +70.3% |
| 2026 | +13.7% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VIVO good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and VIVO?
The SPY/VIVO correlation stands at 0.02 on a 3-year window (1 year: 0.22, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is VIVO a good diversifier for SPY?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 mean?
A reading of 0.02 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-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · VIVO correlations
