SPY vs VYGR: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and Voyager Therapeutics, Inc. (VYGR) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VYGR?
On 3 years of weekly data the SPY/VYGR correlation comes out at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.33 over 3 years. The 5-year figure is 0.23, and annualized covariance runs at 282.8 %².
Among the 4755 assets we track against SPY, VYGR ranks #1922 by 3-year correlation. The last year tells two different stories: SPY led by 19.4 percentage points, +20.6% for SPY against +1.2% for VYGR. Risk is not evenly split, since VYGR carries 4.2 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 VYGR: side by side
| SPY (SPDR S&P 500 ETF Trust) | VYGR (Voyager Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +1.2% |
| 5-year return | +82.4% | +7.5% |
| Volatility (ann.) | 14.5% | 60.2% |
| Beta vs S&P 500 | 1.00 | 1.35 |
| Max drawdown (3Y) | -18.8% | -74.8% |
| Market cap | – | $0.2B |
| 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 |
On the fund side, SPY sits in the Large Blend category at State Street Investment Management, with $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | VYGR |
|---|---|---|
| 2022 | -18.2% | +125.1% |
| 2023 | +26.2% | +38.4% |
| 2024 | +24.9% | -32.8% |
| 2025 | +17.7% | -30.7% |
| 2026 | +13.7% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VYGR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and VYGR?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.19 over the last year and 0.23 over 5 years.
Is VYGR a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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 · VYGR correlations
