In remote sensing, it has been a difficult task to obtain a multispectral image with high spatial resolution because of the technical limitation of satellite sensors. In order to solve these problems, various pansharpening algorithms have been tried and proposed. However, most pansharpened images created by various approaches tend to distort the spectral characteristics of the original multispectral image or decrease the visual sharpness of the panchromatic image. To minimize the spectral distortion of pansharpened image while preserving spatial information of the panchromatic image, a hybrid pansharpening algorithm based on the spatial correlation was proposed. In this paper, we analyzed the spatial and spectral distortion of the hybrid pansharpened images generated by the various spatial correlation methods. In the experiments, we proved that the method by using Laplacian filtering was more efficient than other high frequency extraction algorithms in the viewpoint of spectral distortion and spatial sharpness.