SPY vs VYX: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and NCR Voyix Corporation (VYX) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VYX?
On 3 years of weekly data the SPY/VYX correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 306.6 %².
Within SPY's tracked universe of 4755 assets, VYX comes in at #832 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 52.9 points (+20.6% versus -32.3%). Risk is not evenly split, since VYX carries 3.3 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 VYX: side by side
| SPY (SPDR S&P 500 ETF Trust) | VYX (NCR Voyix Corporation) | |
|---|---|---|
| 1-year return | +20.6% | -32.3% |
| 5-year return | +82.4% | -65.3% |
| Volatility (ann.) | 14.5% | 47.7% |
| Beta vs S&P 500 | 1.00 | 1.47 |
| Max drawdown (3Y) | -18.8% | -67.4% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | VYX |
|---|---|---|
| 2022 | -18.2% | -41.8% |
| 2023 | +26.2% | +17.7% |
| 2024 | +24.9% | -18.2% |
| 2025 | +17.7% | -26.3% |
| 2026 | +13.7% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VYX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and VYX?
The SPY/VYX correlation stands at 0.44 on a 3-year window (1 year: 0.42, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is VYX a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-vyx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-vyx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · VYX correlations
