ALLT vs SPY: Correlation
How closely do Allot Ltd. (ALLT) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLT and SPY?
On 3 years of weekly data the ALLT/SPY correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.33 over 3. The 5-year figure is 0.31, and annualized covariance runs at 289.8 %².
By 3-year correlation, SPY places #6 of the 12 assets tracked against ALLT. The last year tells two different stories: SPY led by 18.1 percentage points, +2.5% for ALLT against +20.6% for SPY. One caveat on sizing: ALLT is 4.2 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.
ALLT vs SPY: side by side
| ALLT (Allot Ltd.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +2.5% | +20.6% |
| 5-year return | -52.5% | +82.4% |
| Volatility (ann.) | 61.6% | 14.5% |
| Beta vs S&P 500 | 1.39 | 1.00 |
| Max drawdown (3Y) | -49.1% | -18.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 34.5 | – |
| 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 | ALLT | SPY |
|---|---|---|
| 2022 | -71.0% | -18.2% |
| 2023 | -52.0% | +26.2% |
| 2024 | +260.6% | +24.9% |
| 2025 | +65.2% | +17.7% |
| 2026 | -19.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLT and SPY good diversifiers for each other?
Reasonably. At 0.33, ALLT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALLT and SPY?
As of 2026-08-27, the correlation of weekly returns between ALLT and SPY is 0.33 over 3 years, 0.32 over 1 year and 0.31 over 5 years.
Is SPY a good diversifier for ALLT?
Reasonably. At 0.33, ALLT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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: ALLT correlations · SPY correlations
