ACHR vs SPY: Correlation
Archer Aviation Inc. (ACHR) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHR and SPY?
On 3 years of weekly data the ACHR/SPY correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 664.1 %².
Among the 26 assets we track against ACHR, SPY ranks #9 by 3-year correlation. The last year tells two different stories: SPY led by 55.8 percentage points, -35.2% for ACHR against +20.6% for SPY. Note the risk asymmetry: ACHR runs 6.1 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.
ACHR vs SPY: side by side
| ACHR (Archer Aviation Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -35.2% | +20.6% |
| 5-year return | -40.7% | +82.4% |
| Volatility (ann.) | 87.9% | 14.5% |
| Beta vs S&P 500 | 3.18 | 1.00 |
| Max drawdown (3Y) | -67.4% | -18.8% |
| Market cap | $4.6B | – |
| 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 | ACHR | SPY |
|---|---|---|
| 2022 | -69.0% | -18.2% |
| 2023 | +228.3% | +26.2% |
| 2024 | +58.8% | +24.9% |
| 2025 | -22.9% | +17.7% |
| 2026 | -21.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHR and SPY good diversifiers for each other?
Only partially. A correlation of 0.52 means ACHR and SPY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACHR and SPY?
As of 2026-08-27, the correlation of weekly returns between ACHR and SPY is 0.52 over 3 years, 0.58 over 1 year and 0.46 over 5 years.
Is SPY a good diversifier for ACHR?
Only partially. A correlation of 0.52 means ACHR and SPY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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: ACHR correlations · SPY correlations
