ABLV vs SPY: Correlation
How closely do Able View Global Inc. - Class B (ABLV) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABLV and SPY?
On 3 years of weekly data the ABLV/SPY correlation comes out at 0.05, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.19) than the 3-year average (0.05). The 5-year figure is 0.05, and annualized covariance runs at 89.8 %².
Among the 10 assets we track against ABLV, SPY sits near the bottom by co-movement, at rank #7. Twelve-month performance is nearly a tie, at +21.2% for ABLV and +20.6% for SPY. Note the risk asymmetry: ABLV runs 9.1 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.
ABLV vs SPY: side by side
| ABLV (Able View Global Inc. - Class B) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +21.2% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 132.4% | 14.5% |
| Beta vs S&P 500 | 0.43 | 1.00 |
| Max drawdown (3Y) | -88.1% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | ABLV | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -73.5% | +26.2% |
| 2024 | -72.3% | +24.9% |
| 2025 | -9.6% | +17.7% |
| 2026 | +52.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABLV and SPY good diversifiers for each other?
Yes. With a correlation of 0.05, ABLV and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABLV and SPY?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with 0.19 over the last year and 0.05 over 5 years.
Is SPY a good diversifier for ABLV?
Yes. With a correlation of 0.05, ABLV and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 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.
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Related comparisons
Hubs: ABLV correlations · SPY correlations
