ACCS vs SPY: Correlation
How closely do ACCESS Newswire Inc. (ACCS) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACCS and SPY?
Over the past 3 years, ACCS and SPY moved with a correlation of 0.07, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.07 over 3 years. Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 54.5 %².
Among the 10 assets we track against ACCS, SPY sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 70.7 percentage points (-50.1% for ACCS against +20.6% for SPY). Note the risk asymmetry: ACCS runs 3.5 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.
ACCS vs SPY: side by side
| ACCS (ACCESS Newswire Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -50.1% | +20.6% |
| 5-year return | -78.8% | +82.4% |
| Volatility (ann.) | 50.8% | 14.5% |
| Beta vs S&P 500 | 0.26 | 1.00 |
| Max drawdown (3Y) | -77.4% | -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 | ACCS | SPY |
|---|---|---|
| 2022 | -15.0% | -18.2% |
| 2023 | -27.6% | +26.2% |
| 2024 | -50.7% | +24.9% |
| 2025 | +4.0% | +17.7% |
| 2026 | -41.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACCS and SPY good diversifiers for each other?
Yes. With a correlation of 0.07, ACCS and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACCS and SPY?
Using weekly returns as of 2026-08-27: 0.07 over 3 years, with -0.05 over the last year and 0.13 over 5 years.
Is SPY a good diversifier for ACCS?
Yes. With a correlation of 0.07, ACCS and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.07 mean?
A reading of 0.07 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: ACCS correlations · SPY correlations
