SPY vs WYY: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and WidePoint Corporation (WYY) 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 WYY?
Across a 3-year window, the weekly returns of SPY and WYY correlate at 0.26, weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 309.8 %².
Among the 4755 assets we track against SPY, WYY ranks #2687 by 3-year correlation. The last year tells two different stories: WYY led by 96.5 percentage points, +20.6% for SPY against +117.1% for WYY. Note the risk asymmetry: WYY runs 5.6 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 WYY: side by side
| SPY (SPDR S&P 500 ETF Trust) | WYY (WidePoint Corporation) | |
|---|---|---|
| 1-year return | +20.6% | +117.1% |
| 5-year return | +82.4% | +85.8% |
| Volatility (ann.) | 14.5% | 81.3% |
| Beta vs S&P 500 | 1.00 | 1.48 |
| Max drawdown (3Y) | -18.8% | -57.0% |
| Market cap | – | $0.1B |
| 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 |
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 | WYY |
|---|---|---|
| 2022 | -18.2% | -53.7% |
| 2023 | +26.2% | +27.5% |
| 2024 | +24.9% | +108.6% |
| 2025 | +17.7% | +11.0% |
| 2026 | +13.7% | +89.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and WYY 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 WYY?
As of 2026-08-27, the correlation of weekly returns between SPY and WYY is 0.26 over 3 years, 0.20 over 1 year and 0.28 over 5 years.
Is WYY 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-wyy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-wyy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · WYY correlations
