SPY vs YOU: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Clear Secure, Inc. (YOU) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and YOU?
On 3 years of weekly data the SPY/YOU correlation comes out at 0.12, weak. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.12). The 5-year figure is 0.29, and annualized covariance runs at 96.7 %².
By 3-year correlation, YOU places #3978 of the 4755 assets tracked against SPY. Twelve-month performance is nearly a tie, at +20.6% for SPY and +22.9% for YOU. One caveat on sizing: YOU is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 YOU: side by side
| SPY (SPDR S&P 500 ETF Trust) | YOU (Clear Secure, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +22.9% |
| 5-year return | +82.4% | +2.4% |
| Volatility (ann.) | 14.5% | 54.0% |
| Beta vs S&P 500 | 1.00 | 0.46 |
| Max drawdown (3Y) | -18.8% | -42.2% |
| Market cap | – | $6.0B |
| P/E (trailing) | – | 29.8 |
| Dividend yield | 1.01% | 1.24% |
| 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 | YOU |
|---|---|---|
| 2022 | -18.2% | -11.9% |
| 2023 | +26.2% | -21.4% |
| 2024 | +24.9% | +33.4% |
| 2025 | +17.7% | +35.3% |
| 2026 | +13.7% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and YOU good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and YOU?
As of 2026-08-27, the correlation of weekly returns between SPY and YOU is 0.12 over 3 years, -0.01 over 1 year and 0.29 over 5 years.
Is YOU a good diversifier for SPY?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 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-you.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spy-vs-you/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · YOU correlations
