ADIL vs SPY: Correlation
How closely do Adial Pharmaceuticals, Inc (ADIL) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and SPY?
Over the past 3 years, ADIL and SPY moved with a correlation of 0.09, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. Over 5 years the correlation is 0.08, and the annualized covariance of weekly returns is 268.6 %².
Out of 19 assets tracked against ADIL, SPY lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 60.7 percentage points (-40.1% for ADIL against +20.6% for SPY). One caveat on sizing: ADIL is 14.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ADIL vs SPY: side by side
| ADIL (Adial Pharmaceuticals, Inc) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -40.1% | +20.6% |
| 5-year return | -99.8% | +82.4% |
| Volatility (ann.) | 203.8% | 14.5% |
| Beta vs S&P 500 | 1.29 | 1.00 |
| Max drawdown (3Y) | -98.8% | -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 | ADIL | SPY |
|---|---|---|
| 2022 | -91.9% | -18.2% |
| 2023 | -66.2% | +26.2% |
| 2024 | -45.7% | +24.9% |
| 2025 | -78.2% | +17.7% |
| 2026 | +3.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and SPY good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADIL and SPY?
The ADIL/SPY correlation stands at 0.09 on a 3-year window (1 year: 0.17, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for ADIL?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 mean?
On the −1 to +1 scale, 0.09 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adil-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adil-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADIL correlations · SPY correlations
