SPYV vs WKC: Correlation
SPDR Portfolio S&P 500 Value ETF (SPYV) and World Kinect Corporation (WKC) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPYV and WKC?
On 3 years of weekly data the SPYV/WKC correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.55). The 5-year figure is 0.49, and annualized covariance runs at 208.6 %².
Among the 148 assets we track against SPYV, WKC ranks #101 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WKC outperformed by 18.0 percentage points (+18.5% for SPYV against +36.5% for WKC). One caveat on sizing: WKC is 2.6 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.
SPYV vs WKC: side by side
| SPYV (SPDR Portfolio S&P 500 Value ETF) | WKC (World Kinect Corporation) | |
|---|---|---|
| 1-year return | +18.5% | +36.5% |
| 5-year return | +73.5% | +26.9% |
| Volatility (ann.) | 12.1% | 31.0% |
| Beta vs S&P 500 | 0.70 | 0.78 |
| Max drawdown (3Y) | -17.5% | -25.4% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 1.69% | 2.30% |
| Expense ratio | 0.04% | – |
| Assets under management | $36.2B | – |
| Sector / category | ETF · US Style | US Listed |
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 | WKC |
|---|---|---|
| 2022 | -5.3% | +5.3% |
| 2023 | +22.2% | -14.6% |
| 2024 | +12.2% | +23.8% |
| 2025 | +13.2% | -12.3% |
| 2026 | +12.7% | +55.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPYV and WKC good diversifiers for each other?
Only partially. A correlation of 0.55 means SPYV and WKC 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 SPYV and WKC?
The SPYV/WKC correlation stands at 0.55 on a 3-year window (1 year: 0.27, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is WKC a good diversifier for SPYV?
Only partially. A correlation of 0.55 means SPYV and WKC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/spyv-vs-wkc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spyv-vs-wkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPYV correlations · WKC correlations
