SPY vs YEXT: Correlation
SPDR S&P 500 ETF Trust (SPY) and Yext, Inc. (YEXT) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and YEXT?
Over the past 3 years, SPY and YEXT moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 171.0 %².
Among the 4755 assets we track against SPY, YEXT ranks #3094 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 46.5 points (+20.6% versus -25.9%). Risk is not evenly split, since YEXT carries 3.7 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 YEXT: side by side
| SPY (SPDR S&P 500 ETF Trust) | YEXT (Yext, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -25.9% |
| 5-year return | +82.4% | -50.0% |
| Volatility (ann.) | 14.5% | 53.6% |
| Beta vs S&P 500 | 1.00 | 0.82 |
| Max drawdown (3Y) | -18.8% | -63.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 84.5 |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
SPY 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 | YEXT |
|---|---|---|
| 2022 | -18.2% | -34.2% |
| 2023 | +26.2% | -9.8% |
| 2024 | +24.9% | +8.0% |
| 2025 | +17.7% | +26.7% |
| 2026 | +13.7% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and YEXT good diversifiers for each other?
Reasonably. At 0.22, SPY and YEXT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SPY and YEXT?
The SPY/YEXT correlation stands at 0.22 on a 3-year window (1 year: 0.15, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is YEXT a good diversifier for SPY?
Reasonably. At 0.22, SPY and YEXT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 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-yext.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-yext/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · YEXT correlations
