AGIG vs SPY: Correlation
Abundia Global Impact Group Inc. (AGIG) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and SPY?
Across a 3-year window, the weekly returns of AGIG and SPY correlate at -0.02, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.04) sits close to the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -43.6 %².
Among the 34 assets we track against AGIG, SPY ranks #14 by 3-year correlation. The last year tells two different stories: SPY led by 109.3 percentage points, -88.7% for AGIG against +20.6% for SPY. Note the risk asymmetry: AGIG runs 10.8 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.
AGIG vs SPY: side by side
| AGIG (Abundia Global Impact Group Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -88.7% | +20.6% |
| 5-year return | -94.6% | +82.4% |
| Volatility (ann.) | 157.1% | 14.5% |
| Beta vs S&P 500 | -0.21 | 1.00 |
| Max drawdown (3Y) | -96.7% | -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 | AGIG | SPY |
|---|---|---|
| 2022 | +140.6% | -18.2% |
| 2023 | -48.0% | +26.2% |
| 2024 | -27.9% | +24.9% |
| 2025 | -84.7% | +17.7% |
| 2026 | -51.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and SPY good diversifiers for each other?
Yes. With a correlation of -0.02, AGIG and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGIG and SPY?
As of 2026-08-27, the correlation of weekly returns between AGIG and SPY is -0.02 over 3 years, 0.04 over 1 year and -0.04 over 5 years.
Is SPY a good diversifier for AGIG?
Yes. With a correlation of -0.02, AGIG and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 mean?
On the −1 to +1 scale, -0.02 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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Hubs: AGIG correlations · SPY correlations
