SPYG vs UBER: Correlation
SPDR Portfolio S&P 500 Growth ETF (SPYG) and Uber (UBER) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPYG and UBER?
Over the past 3 years, SPYG and UBER moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 361.1 %².
Within SPYG's tracked universe of 97 assets, UBER comes in at #72 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPYG outperformed by 41.7 percentage points (+22.4% for SPYG against -19.3% for UBER). Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.75. Note the risk asymmetry: UBER runs 1.9 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.
SPYG vs UBER: side by side
| SPYG (SPDR Portfolio S&P 500 Growth ETF) | UBER (Uber) | |
|---|---|---|
| 1-year return | +22.4% | -19.3% |
| 5-year return | +85.9% | +94.4% |
| Volatility (ann.) | 18.9% | 36.7% |
| Beta vs S&P 500 | 1.25 | 1.34 |
| Max drawdown (3Y) | -22.1% | -34.1% |
| Market cap | – | $157.2B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.49% | 0.00% |
| Expense ratio | 0.04% | – |
| Assets under management | $52.2B | – |
| Sector / category | ETF · US Style | Industrials |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | SPYG | UBER |
|---|---|---|
| 2022 | -29.4% | -41.0% |
| 2023 | +30.0% | +149.0% |
| 2024 | +36.0% | -2.0% |
| 2025 | +22.1% | +35.5% |
| 2026 | +14.5% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
UBER represents 0.45% of SPYG's portfolio, so part of any move in SPYG is UBER itself, and the correlation between them is partly mechanical.
Are SPYG and UBER good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SPYG and UBER?
As of 2026-08-27, the correlation of weekly returns between SPYG and UBER is 0.52 over 3 years, 0.48 over 1 year and 0.48 over 5 years.
Is UBER a good diversifier for SPYG?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/spyg-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spyg-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPYG correlations · UBER correlations
