SPY vs VRRM: Correlation
SPDR S&P 500 ETF Trust (SPY) and Verra Mobility Corporation (VRRM) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VRRM?
On 3 years of weekly data the SPY/VRRM correlation comes out at 0.09, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 67.9 %².
Among the 4755 assets we track against SPY, VRRM ranks #4181 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 103.2 percentage points (+20.6% for SPY against -82.6% for VRRM). Risk is not evenly split, since VRRM carries 3.5 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 VRRM: side by side
| SPY (SPDR S&P 500 ETF Trust) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | +20.6% | -82.6% |
| 5-year return | +82.4% | -71.6% |
| Volatility (ann.) | 14.5% | 50.8% |
| Beta vs S&P 500 | 1.00 | 0.33 |
| Max drawdown (3Y) | -18.8% | -87.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 1.01% | 0.00% |
| 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 | VRRM |
|---|---|---|
| 2022 | -18.2% | -10.4% |
| 2023 | +26.2% | +66.5% |
| 2024 | +24.9% | +5.0% |
| 2025 | +17.7% | -7.3% |
| 2026 | +13.7% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VRRM good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and VRRM?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with 0.05 over the last year and 0.19 over 5 years.
Is VRRM a good diversifier for SPY?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 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.
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Related comparisons
Hubs: SPY correlations · VRRM correlations
