AGNT vs SPY: Correlation
Measured on weekly returns over the past three years, AGNT, Inc. (AGNT) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGNT and SPY?
Across a 3-year window, the weekly returns of AGNT and SPY correlate at 0.24, weak. Recent behaviour matches the longer record: 0.16 over 1 year against 0.24 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 180.7 %².
Among the 18 assets we track against AGNT, SPY ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 80.2 percentage points (-59.6% for AGNT against +20.6% for SPY). Note the risk asymmetry: AGNT runs 3.6 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.
AGNT vs SPY: side by side
| AGNT (AGNT, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -59.6% | +20.6% |
| 5-year return | -89.6% | +82.4% |
| Volatility (ann.) | 51.5% | 14.5% |
| Beta vs S&P 500 | 0.87 | 1.00 |
| Max drawdown (3Y) | -79.2% | -18.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.57% | 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 | AGNT | SPY |
|---|---|---|
| 2022 | -66.7% | -18.2% |
| 2023 | +42.0% | +26.2% |
| 2024 | -24.6% | +24.9% |
| 2025 | -19.7% | +17.7% |
| 2026 | -52.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGNT and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGNT and SPY?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.16 over the last year and 0.44 over 5 years.
Is SPY a good diversifier for AGNT?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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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Related comparisons
Hubs: AGNT correlations · SPY correlations
