ALTI vs SPY: Correlation
How closely do AlTi Global, Inc. (ALTI) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTI and SPY?
Across a 3-year window, the weekly returns of ALTI and SPY correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.32 over 3 years. Stretching to 5 years gives 0.17, with an annualized covariance of 256.5 %².
Out of 13 assets tracked against ALTI, SPY lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with SPY ahead by 28.9 points (-8.3% versus +20.6%). One caveat on sizing: ALTI is 3.9 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.
ALTI vs SPY: side by side
| ALTI (AlTi Global, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -8.3% | +20.6% |
| 5-year return | -58.9% | +82.4% |
| Volatility (ann.) | 56.3% | 14.5% |
| Beta vs S&P 500 | 1.23 | 1.00 |
| Max drawdown (3Y) | -72.2% | -18.8% |
| Market cap | $0.6B | – |
| 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 | ALTI | SPY |
|---|---|---|
| 2022 | +10.4% | -18.2% |
| 2023 | -19.7% | +26.2% |
| 2024 | -49.7% | +24.9% |
| 2025 | +5.2% | +17.7% |
| 2026 | -14.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTI and SPY good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALTI and SPY?
As of 2026-08-27, the correlation of weekly returns between ALTI and SPY is 0.32 over 3 years, 0.20 over 1 year and 0.17 over 5 years.
Is SPY a good diversifier for ALTI?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alti-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alti-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALTI correlations · SPY correlations
