ABTS vs SPY: Correlation
How closely do Abits Group Inc (ABTS) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of -0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and SPY?
Over the past 3 years, ABTS and SPY moved with a correlation of -0.08, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.09) than the 3-year average (-0.08). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -839.5 %².
Within ABTS's tracked universe of 48 assets, SPY comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 85.0 percentage points (-64.4% for ABTS against +20.6% for SPY). Risk is not evenly split, since ABTS carries 47.5 times the volatility of the other side.
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.
ABTS vs SPY: side by side
| ABTS (Abits Group Inc) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -64.4% | +20.6% |
| 5-year return | -81.7% | +82.4% |
| Volatility (ann.) | 689.2% | 14.5% |
| Beta vs S&P 500 | -4.02 | 1.00 |
| Max drawdown (3Y) | -92.1% | -18.8% |
| Market cap | – | – |
| 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 | ABTS | SPY |
|---|---|---|
| 2022 | -84.2% | -18.2% |
| 2023 | +152.8% | +26.2% |
| 2024 | -39.6% | +24.9% |
| 2025 | +647.5% | +17.7% |
| 2026 | -73.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and SPY?
The ABTS/SPY correlation stands at -0.08 on a 3-year window (1 year: 0.09, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.08 means the two rarely move for the same reasons.
What does a correlation of -0.08 mean?
A reading of -0.08 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABTS correlations · SPY correlations
