AIRE vs SPY: Correlation
How closely do reAlpha Tech Corp. (AIRE) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRE and SPY?
Over the past 3 years, AIRE and SPY moved with a correlation of 0.13, which is weak. The link has tightened recently: the 1-year correlation (0.25) runs above the 3-year figure (0.13). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 417.7 %².
By 3-year correlation, SPY places #12 of the 18 assets tracked against AIRE. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 101.0 percentage points (-80.4% for AIRE against +20.6% for SPY). Note the risk asymmetry: AIRE runs 15.7 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.
AIRE vs SPY: side by side
| AIRE (reAlpha Tech Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -80.4% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 227.0% | 14.5% |
| Beta vs S&P 500 | 2.00 | 1.00 |
| Max drawdown (3Y) | -100.0% | -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 | AIRE | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | +45.2% | +24.9% |
| 2025 | -85.6% | +17.7% |
| 2026 | -83.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRE and SPY good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIRE and SPY?
As of 2026-08-27, the correlation of weekly returns between AIRE and SPY is 0.13 over 3 years, 0.25 over 1 year and n/a over 5 years.
Is SPY a good diversifier for AIRE?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
A reading of 0.13 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: AIRE correlations · SPY correlations
