SPY vs VMRK: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and Vivmark Residential (VMRK) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VMRK?
Over the past 3 years, SPY and VMRK moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.42). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 118.9 %².
Among the 4755 assets we track against SPY, VMRK ranks #999 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 15.5 points (+20.6% versus +5.1%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.09 and 0.63 over the past three years, so this pair behaves very differently depending on the market environment.
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 VMRK: side by side
| SPY (SPDR S&P 500 ETF Trust) | VMRK (Vivmark Residential) | |
|---|---|---|
| 1-year return | +20.6% | +5.1% |
| 5-year return | +82.4% | -5.5% |
| Volatility (ann.) | 14.5% | 19.7% |
| Beta vs S&P 500 | 1.00 | 0.57 |
| Max drawdown (3Y) | -18.8% | -21.2% |
| Market cap | – | $26.1B |
| P/E (trailing) | – | 25.7 |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | Real Estate |
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 | VMRK |
|---|---|---|
| 2022 | -18.2% | -32.5% |
| 2023 | +26.2% | +8.3% |
| 2024 | +24.9% | +20.8% |
| 2025 | +17.7% | -8.6% |
| 2026 | +13.7% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPY holds VMRK at a 0.07% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are SPY and VMRK good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and VMRK?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.08 over the last year and 0.52 over 5 years.
Is VMRK a good diversifier for SPY?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-vmrk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-vmrk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · VMRK correlations
