SPYV vs YHGJ: Correlation
SPDR Portfolio S&P 500 Value ETF (SPYV) and Yunhong Green CTI Ltd. (YHGJ) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPYV and YHGJ?
Over the past 3 years, SPYV and YHGJ moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -154.2 %².
Within SPYV's tracked universe of 148 assets, YHGJ comes in at #142 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPYV ahead by 63.4 points (+18.5% versus -44.9%). Note the risk asymmetry: YHGJ runs 7.5 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 YHGJ: side by side
| SPYV (SPDR Portfolio S&P 500 Value ETF) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +18.5% | -44.9% |
| 5-year return | +73.5% | -85.6% |
| Volatility (ann.) | 12.1% | 90.5% |
| Beta vs S&P 500 | 0.70 | -0.69 |
| Max drawdown (3Y) | -17.5% | -91.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.69% | 0.00% |
| Expense ratio | 0.04% | – |
| Assets under management | $36.2B | – |
| Sector / category | ETF · US Style | US Listed |
SPYV is a Large Value fund from State Street Investment Management: $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | SPYV | YHGJ |
|---|---|---|
| 2022 | -5.3% | -12.6% |
| 2023 | +22.2% | +105.8% |
| 2024 | +12.2% | -74.3% |
| 2025 | +13.2% | -34.0% |
| 2026 | +12.7% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPYV and YHGJ good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPYV and YHGJ?
As of 2026-08-27, the correlation of weekly returns between SPYV and YHGJ is -0.14 over 3 years, -0.16 over 1 year and -0.03 over 5 years.
Is YHGJ a good diversifier for SPYV?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spyv-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spyv-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPYV correlations · YHGJ correlations
