SPYV vs STT: Correlation
SPDR Portfolio S&P 500 Value ETF (SPYV) and State Street Corporation (STT) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPYV and STT?
Across a 3-year window, the weekly returns of SPYV and STT correlate at 0.73, strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.73). Stretching to 5 years gives 0.72, with an annualized covariance of 202.1 %².
Within SPYV's tracked universe of 148 assets, STT comes in at #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STT ahead by 54.2 points (+18.5% versus +72.7%). The rolling one-year correlation moved between 0.58 and 0.84 over the past three years, a moderate range. Note the risk asymmetry: STT 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.
SPYV vs STT: side by side
| SPYV (SPDR Portfolio S&P 500 Value ETF) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | +18.5% | +72.7% |
| 5-year return | +73.5% | +144.9% |
| Volatility (ann.) | 12.1% | 22.9% |
| Beta vs S&P 500 | 0.70 | 0.97 |
| Max drawdown (3Y) | -17.5% | -25.7% |
| Market cap | – | $53.1B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 1.69% | 1.74% |
| Expense ratio | 0.04% | – |
| Assets under management | $36.2B | – |
| Sector / category | ETF · US Style | Financials |
On the fund side, SPYV sits in the Large Value category at State Street Investment Management, with $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | SPYV | STT |
|---|---|---|
| 2022 | -5.3% | -13.8% |
| 2023 | +22.2% | +3.5% |
| 2024 | +12.2% | +30.2% |
| 2025 | +13.2% | +35.5% |
| 2026 | +12.7% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYV holds STT at a 0.18% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are SPYV and STT good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SPYV and STT?
As of 2026-08-27, the correlation of weekly returns between SPYV and STT is 0.73 over 3 years, 0.59 over 1 year and 0.72 over 5 years.
Is STT a good diversifier for SPYV?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 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.
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Related comparisons
Hubs: SPYV correlations · STT correlations
