SPY vs VTS: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Vitesse Energy, Inc. (VTS) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VTS?
Over the past 3 years, SPY and VTS moved with a correlation of 0.26, which is weak. The past 12 months show a weaker link (-0.05) than the 3-year average (0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 112.7 %².
Among the 4755 assets we track against SPY, VTS ranks #2684 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 49.9 points (+20.6% versus -29.3%). Note the risk asymmetry: VTS runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VTS: side by side
| SPY (SPDR S&P 500 ETF Trust) | VTS (Vitesse Energy, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -29.3% |
| 5-year return | +82.4% | n/a |
| Volatility (ann.) | 14.5% | 30.6% |
| Beta vs S&P 500 | 1.00 | 0.54 |
| Max drawdown (3Y) | -18.8% | -38.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 1.01% | 11.81% |
| 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 | VTS |
|---|---|---|
| 2022 | -18.2% | – |
| 2023 | +26.2% | – |
| 2024 | +24.9% | +24.3% |
| 2025 | +17.7% | -15.2% |
| 2026 | +13.7% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VTS good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and VTS?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with -0.05 over the last year and n/a over 5 years.
Is VTS a good diversifier for SPY?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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 · VTS correlations
