AKA vs SPY: Correlation
a.k.a. Brands Holding Corp. (AKA) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKA and SPY?
On 3 years of weekly data the AKA/SPY correlation comes out at 0.18, weak. Little has changed lately, as the 1-year reading of 0.13 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 275.3 %².
SPY is close to the least connected end of AKA's tracked universe, ranking #7 of 11. The last year tells two different stories: SPY led by 26.9 percentage points, -6.3% for AKA against +20.6% for SPY. One caveat on sizing: AKA is 7.5 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.
AKA vs SPY: side by side
| AKA (a.k.a. Brands Holding Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -6.3% | +20.6% |
| 5-year return | -91.2% | +82.4% |
| Volatility (ann.) | 108.8% | 14.5% |
| Beta vs S&P 500 | 1.32 | 1.00 |
| Max drawdown (3Y) | -76.3% | -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 | AKA | SPY |
|---|---|---|
| 2022 | -86.3% | -18.2% |
| 2023 | -47.2% | +26.2% |
| 2024 | +132.5% | +24.9% |
| 2025 | -42.8% | +17.7% |
| 2026 | -1.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKA and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKA and SPY?
As of 2026-08-27, the correlation of weekly returns between AKA and SPY is 0.18 over 3 years, 0.13 over 1 year and 0.27 over 5 years.
Is SPY a good diversifier for AKA?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 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: AKA correlations · SPY correlations
