SPY vs VLGEA: Correlation
SPDR S&P 500 ETF Trust (SPY) and Village Super Market, Inc. (VLGEA) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VLGEA?
Over the past 3 years, SPY and VLGEA moved with a correlation of 0.17, which is weak. Little has changed lately, as the 1-year reading of 0.09 lands near the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 66.6 %².
Among the 4755 assets we track against SPY, VLGEA ranks #3573 by 3-year correlation. Neither side won the trailing year by much: +20.6% against +23.1%. Risk is not evenly split, since VLGEA carries 1.9 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 VLGEA: side by side
| SPY (SPDR S&P 500 ETF Trust) | VLGEA (Village Super Market, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +23.1% |
| 5-year return | +82.4% | +137.7% |
| Volatility (ann.) | 14.5% | 27.9% |
| Beta vs S&P 500 | 1.00 | 0.32 |
| Max drawdown (3Y) | -18.8% | -21.1% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 1.01% | 2.29% |
| 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 | VLGEA |
|---|---|---|
| 2022 | -18.2% | +4.1% |
| 2023 | +26.2% | +17.7% |
| 2024 | +24.9% | +26.0% |
| 2025 | +17.7% | +14.9% |
| 2026 | +13.7% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VLGEA good diversifiers for each other?
Yes. With a correlation of 0.17, SPY and VLGEA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPY and VLGEA?
As of 2026-08-27, the correlation of weekly returns between SPY and VLGEA is 0.17 over 3 years, 0.09 over 1 year and 0.22 over 5 years.
Is VLGEA a good diversifier for SPY?
Yes. With a correlation of 0.17, SPY and VLGEA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 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
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Related comparisons
Hubs: SPY correlations · VLGEA correlations
