SPY vs VRSK: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Verisk Analytics (VRSK) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VRSK?
Across a 3-year window, the weekly returns of SPY and VRSK correlate at 0.15, weak. The link has loosened recently: the 1-year correlation (-0.07) runs below the 3-year figure (0.15). Stretching to 5 years gives 0.40, with an annualized covariance of 55.8 %².
Among the 4755 assets we track against SPY, VRSK ranks #3752 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 48.6 percentage points (+20.6% for SPY against -28.0% for VRSK). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.06 to 0.67. Risk is not evenly split, since VRSK carries 1.7 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 VRSK: side by side
| SPY (SPDR S&P 500 ETF Trust) | VRSK (Verisk Analytics) | |
|---|---|---|
| 1-year return | +20.6% | -28.0% |
| 5-year return | +82.4% | -1.6% |
| Volatility (ann.) | 14.5% | 25.1% |
| Beta vs S&P 500 | 1.00 | 0.27 |
| Max drawdown (3Y) | -18.8% | -50.8% |
| Market cap | – | $24.9B |
| P/E (trailing) | – | 28.8 |
| Dividend yield | 1.01% | 1.01% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | Industrials |
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 | VRSK |
|---|---|---|
| 2022 | -18.2% | -22.3% |
| 2023 | +26.2% | +36.2% |
| 2024 | +24.9% | +16.0% |
| 2025 | +17.7% | -18.2% |
| 2026 | +13.7% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VRSK good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between SPY and VRSK?
The SPY/VRSK correlation stands at 0.15 on a 3-year window (1 year: -0.07, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is VRSK a good diversifier for SPY?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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-vrsk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-vrsk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · VRSK correlations
