SPYG vs VRT: Correlation
How closely do SPDR Portfolio S&P 500 Growth ETF (SPYG) and Vertiv (VRT) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPYG and VRT?
Over the past 3 years, SPYG and VRT moved with a correlation of 0.64, which is strong. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.64). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 694.9 %².
Within SPYG's tracked universe of 97 assets, VRT comes in at #47 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VRT ahead by 86.1 points (+22.4% versus +108.5%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.19 and 0.79 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since VRT carries 3.0 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.
SPYG vs VRT: side by side
| SPYG (SPDR Portfolio S&P 500 Growth ETF) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | +22.4% | +108.5% |
| 5-year return | +85.9% | +847.7% |
| Volatility (ann.) | 18.9% | 57.1% |
| Beta vs S&P 500 | 1.25 | 2.36 |
| Max drawdown (3Y) | -22.1% | -61.3% |
| Market cap | – | $103.7B |
| P/E (trailing) | – | 59.6 |
| Dividend yield | 0.49% | 0.07% |
| Expense ratio | 0.04% | – |
| Assets under management | $52.2B | – |
| Sector / category | ETF · US Style | Industrials |
SPYG, State Street Investment Management's Large Growth fund, carries $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | SPYG | VRT |
|---|---|---|
| 2022 | -29.4% | -45.3% |
| 2023 | +30.0% | +251.8% |
| 2024 | +36.0% | +136.8% |
| 2025 | +22.1% | +42.8% |
| 2026 | +14.5% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYG holds VRT at a 0.28% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are SPYG and VRT good diversifiers for each other?
Only partially. A correlation of 0.64 means SPYG and VRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SPYG and VRT?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.42 over the last year and 0.57 over 5 years.
Is VRT a good diversifier for SPYG?
Only partially. A correlation of 0.64 means SPYG and VRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/spyg-vs-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spyg-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPYG correlations · VRT correlations
