AIFC vs SPY: Correlation
Measured on weekly returns over the past three years, AI Financial Corporation (AIFC) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.03, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIFC and SPY?
Across a 3-year window, the weekly returns of AIFC and SPY correlate at 0.03, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.11 over 1 year against 0.03 over 3. Stretching to 5 years gives 0.10, with an annualized covariance of 70.1 %².
SPY is close to the least connected end of AIFC's tracked universe, ranking #7 of 11. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 111.9 percentage points (-91.3% for AIFC against +20.6% for SPY). Risk is not evenly split, since AIFC carries 9.8 times the volatility of the other side.
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.
AIFC vs SPY: side by side
| AIFC (AI Financial Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -91.3% | +20.6% |
| 5-year return | -91.3% | +82.4% |
| Volatility (ann.) | 142.2% | 14.5% |
| Beta vs S&P 500 | 0.34 | 1.00 |
| Max drawdown (3Y) | -96.4% | -18.8% |
| Market cap | $0.1B | – |
| 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 | AIFC | SPY |
|---|---|---|
| 2022 | -66.5% | -18.2% |
| 2023 | -59.1% | +26.2% |
| 2024 | +730.4% | +24.9% |
| 2025 | -76.3% | +17.7% |
| 2026 | -45.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFC and SPY good diversifiers for each other?
Yes. With a correlation of 0.03, AIFC and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIFC and SPY?
Using weekly returns as of 2026-08-27: 0.03 over 3 years, with 0.11 over the last year and 0.10 over 5 years.
Is SPY a good diversifier for AIFC?
Yes. With a correlation of 0.03, AIFC and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.03 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AIFC correlations · SPY correlations
