SPY vs YYGH: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and YY Group Holding Limited - Class A (YYGH) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and YYGH?
On 3 years of weekly data the SPY/YYGH correlation comes out at 0.21, weak. Lately the two have moved closer together, with the 1-year correlation at 0.32 versus 0.21 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 450.8 %².
Within SPY's tracked universe of 4755 assets, YYGH comes in at #3203 by 3-year correlation. The last year tells two different stories: SPY led by 120.5 percentage points, +20.6% for SPY against -99.9% for YYGH. Risk is not evenly split, since YYGH carries 10.2 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 YYGH: side by side
| SPY (SPDR S&P 500 ETF Trust) | YYGH (YY Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +20.6% | -99.9% |
| 5-year return | +82.4% | n/a |
| Volatility (ann.) | 14.5% | 147.2% |
| Beta vs S&P 500 | 1.00 | 2.16 |
| Max drawdown (3Y) | -18.8% | -100.0% |
| Market cap | – | – |
| 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 | YYGH |
|---|---|---|
| 2022 | -18.2% | – |
| 2023 | +26.2% | – |
| 2024 | +24.9% | – |
| 2025 | +17.7% | -89.3% |
| 2026 | +13.7% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and YYGH good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and YYGH?
As of 2026-08-27, the correlation of weekly returns between SPY and YYGH is 0.21 over 3 years, 0.32 over 1 year and n/a over 5 years.
Is YYGH a good diversifier for SPY?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-yygh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-yygh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · YYGH correlations
