SPY vs VVV: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and Valvoline Inc. (VVV) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VVV?
Across a 3-year window, the weekly returns of SPY and VVV correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.34 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 142.4 %².
Among the 4755 assets we track against SPY, VVV ranks #1817 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 39.9 points (+20.6% versus -19.3%). One caveat on sizing: VVV is 2.0 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 VVV: side by side
| SPY (SPDR S&P 500 ETF Trust) | VVV (Valvoline Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -19.3% |
| 5-year return | +82.4% | +7.4% |
| Volatility (ann.) | 14.5% | 29.0% |
| Beta vs S&P 500 | 1.00 | 0.68 |
| Max drawdown (3Y) | -18.8% | -39.3% |
| Market cap | – | $4.1B |
| P/E (trailing) | – | 40.5 |
| 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 | VVV |
|---|---|---|
| 2022 | -18.2% | -11.0% |
| 2023 | +26.2% | +15.1% |
| 2024 | +24.9% | -3.7% |
| 2025 | +17.7% | -19.7% |
| 2026 | +13.7% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VVV good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and VVV?
As of 2026-08-27, the correlation of weekly returns between SPY and VVV is 0.34 over 3 years, 0.08 over 1 year and 0.46 over 5 years.
Is VVV a good diversifier for SPY?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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
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Related comparisons
Hubs: SPY correlations · VVV correlations
