SPY vs VS: Correlation
SPDR S&P 500 ETF Trust (SPY) and Versus Systems Inc. (VS) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VS?
Over the past 3 years, SPY and VS moved with a correlation of 0.17, which is weak. Recent behaviour matches the longer record: 0.07 over 1 year against 0.17 over 3. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 328.6 %².
By 3-year correlation, VS places #3574 of the 4755 assets tracked against SPY. Correlation aside, the last 12 months split them widely, with SPY ahead by 49.2 points (+20.6% versus -28.6%). One caveat on sizing: VS is 9.4 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 VS: side by side
| SPY (SPDR S&P 500 ETF Trust) | VS (Versus Systems Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -28.6% |
| 5-year return | +82.4% | -99.9% |
| Volatility (ann.) | 14.5% | 136.9% |
| Beta vs S&P 500 | 1.00 | 1.57 |
| Max drawdown (3Y) | -18.8% | -84.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | VS |
|---|---|---|
| 2022 | -18.2% | -98.5% |
| 2023 | +26.2% | -61.0% |
| 2024 | +24.9% | -27.4% |
| 2025 | +17.7% | -44.7% |
| 2026 | +13.7% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VS good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and VS?
The SPY/VS correlation stands at 0.17 on a 3-year window (1 year: 0.07, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is VS a good diversifier for SPY?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-vs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-vs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · VS correlations
