SPY vs WILC: Correlation
SPDR S&P 500 ETF Trust (SPY) and G. Willi-Food International, Ltd. (WILC) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and WILC?
Over the past 3 years, SPY and WILC moved with a correlation of 0.21, which is weak. Recent behaviour matches the longer record: 0.31 over 1 year against 0.21 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 113.3 %².
Within SPY's tracked universe of 4755 assets, WILC comes in at #3197 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WILC outperformed by 20.2 percentage points (+20.6% for SPY against +40.8% for WILC). Note the risk asymmetry: WILC runs 2.5 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 WILC: side by side
| SPY (SPDR S&P 500 ETF Trust) | WILC (G. Willi-Food International, Ltd.) | |
|---|---|---|
| 1-year return | +20.6% | +40.8% |
| 5-year return | +82.4% | +69.9% |
| Volatility (ann.) | 14.5% | 36.7% |
| Beta vs S&P 500 | 1.00 | 0.54 |
| Max drawdown (3Y) | -18.8% | -30.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 16.1 |
| 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 | WILC |
|---|---|---|
| 2022 | -18.2% | -26.1% |
| 2023 | +26.2% | -17.5% |
| 2024 | +24.9% | +62.6% |
| 2025 | +17.7% | +86.6% |
| 2026 | +13.7% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and WILC good diversifiers for each other?
Reasonably. At 0.21, SPY and WILC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and WILC?
The SPY/WILC correlation stands at 0.21 on a 3-year window (1 year: 0.31, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is WILC a good diversifier for SPY?
Reasonably. At 0.21, SPY and WILC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-wilc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-wilc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · WILC correlations
