SPY vs VPG: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Vishay Precision Group, Inc. (VPG) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VPG?
On 3 years of weekly data the SPY/VPG correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.35 over 3. The 5-year figure is 0.39, and annualized covariance runs at 275.2 %².
By 3-year correlation, VPG places #1713 of the 4755 assets tracked against SPY. Their recent paths diverged sharply: over the last 12 months VPG outperformed by 105.6 percentage points (+20.6% for SPY against +126.2% for VPG). One caveat on sizing: VPG is 3.8 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 VPG: side by side
| SPY (SPDR S&P 500 ETF Trust) | VPG (Vishay Precision Group, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +126.2% |
| 5-year return | +82.4% | +76.6% |
| Volatility (ann.) | 14.5% | 54.8% |
| Beta vs S&P 500 | 1.00 | 1.32 |
| Max drawdown (3Y) | -18.8% | -58.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 213.6 |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, SPY sits in the Large Blend category at State Street Investment Management, with $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | VPG |
|---|---|---|
| 2022 | -18.2% | +4.1% |
| 2023 | +26.2% | -11.8% |
| 2024 | +24.9% | -31.1% |
| 2025 | +17.7% | +64.0% |
| 2026 | +13.7% | +72.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VPG 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 VPG?
The SPY/VPG correlation stands at 0.35 on a 3-year window (1 year: 0.30, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is VPG 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?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-vpg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spy-vs-vpg/)
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Related comparisons
Hubs: SPY correlations · VPG correlations
