AKAN vs SPY: Correlation
Akanda Corp. (AKAN) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and SPY?
Over the past 3 years, AKAN and SPY moved with a correlation of 0.14, which is weak. Little has changed lately, as the 1-year reading of 0.13 lands near the 3-year figure. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 597.4 %².
Within AKAN's tracked universe of 26 assets, SPY comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 115.8 percentage points (-95.2% for AKAN against +20.6% for SPY). Risk is not evenly split, since AKAN carries 19.7 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.
AKAN vs SPY: side by side
| AKAN (Akanda Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -95.2% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 285.6% | 14.5% |
| Beta vs S&P 500 | 2.86 | 1.00 |
| Max drawdown (3Y) | -99.9% | -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 | AKAN | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -70.5% | +26.2% |
| 2024 | -95.5% | +24.9% |
| 2025 | -90.9% | +17.7% |
| 2026 | -58.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and SPY good diversifiers for each other?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AKAN and SPY?
As of 2026-08-27, the correlation of weekly returns between AKAN and SPY is 0.14 over 3 years, 0.13 over 1 year and 0.15 over 5 years.
Is SPY a good diversifier for AKAN?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.14 mean?
On the −1 to +1 scale, 0.14 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: AKAN correlations · SPY correlations
