SPY vs VNCE: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Vince Holding Corp. (VNCE) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VNCE?
On 3 years of weekly data the SPY/VNCE correlation comes out at 0.09, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.32) runs above the 3-year figure (0.09). The 5-year figure is 0.07, and annualized covariance runs at 214.3 %².
Within SPY's tracked universe of 4755 assets, VNCE comes in at #4180 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VNCE outperformed by 429.4 percentage points (+20.6% for SPY against +450.0% for VNCE). Risk is not evenly split, since VNCE carries 11.5 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 VNCE: side by side
| SPY (SPDR S&P 500 ETF Trust) | VNCE (Vince Holding Corp.) | |
|---|---|---|
| 1-year return | +20.6% | +450.0% |
| 5-year return | +82.4% | +11.6% |
| Volatility (ann.) | 14.5% | 166.2% |
| Beta vs S&P 500 | 1.00 | 1.03 |
| Max drawdown (3Y) | -18.8% | -74.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 11.2 |
| 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 | VNCE |
|---|---|---|
| 2022 | -18.2% | -1.8% |
| 2023 | +26.2% | -55.8% |
| 2024 | +24.9% | +5.2% |
| 2025 | +17.7% | +12.1% |
| 2026 | +13.7% | +91.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VNCE good diversifiers for each other?
Yes. With a correlation of 0.09, SPY and VNCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPY and VNCE?
As of 2026-08-27, the correlation of weekly returns between SPY and VNCE is 0.09 over 3 years, 0.32 over 1 year and 0.07 over 5 years.
Is VNCE a good diversifier for SPY?
Yes. With a correlation of 0.09, SPY and VNCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
A reading of 0.09 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SPY correlations · VNCE correlations
