AMC vs SPY: Correlation
How closely do AMC Entertainment Holdings, Inc. (AMC) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMC and SPY?
On 3 years of weekly data the AMC/SPY correlation comes out at 0.26, weak. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.26 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 300.6 %².
Out of 11 assets tracked against AMC, SPY lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with SPY ahead by 25.5 points (-4.9% versus +20.6%). Risk is not evenly split, since AMC carries 5.5 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.
AMC vs SPY: side by side
| AMC (AMC Entertainment Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -4.9% | +20.6% |
| 5-year return | -99.4% | +82.4% |
| Volatility (ann.) | 79.7% | 14.5% |
| Beta vs S&P 500 | 1.44 | 1.00 |
| Max drawdown (3Y) | -93.0% | -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 | AMC | SPY |
|---|---|---|
| 2022 | -85.0% | -18.2% |
| 2023 | -85.0% | +26.2% |
| 2024 | -35.0% | +24.9% |
| 2025 | -60.8% | +17.7% |
| 2026 | +73.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMC and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMC and SPY?
The AMC/SPY correlation stands at 0.26 on a 3-year window (1 year: 0.45, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for AMC?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amc-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amc-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMC correlations · SPY correlations
