AMCI vs SPY: Correlation
AMC Robotics Corporation (AMCI) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCI and SPY?
Across a 3-year window, the weekly returns of AMCI and SPY correlate at 0.03, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.07) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 83.9 %².
By 3-year correlation, SPY places #8 of the 20 assets tracked against AMCI. The last year tells two different stories: SPY led by 86.8 percentage points, -66.2% for AMCI against +20.6% for SPY. Note the risk asymmetry: AMCI runs 11.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMCI vs SPY: side by side
| AMCI (AMC Robotics Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -66.2% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 168.1% | 14.5% |
| Beta vs S&P 500 | 0.40 | 1.00 |
| Max drawdown (3Y) | -87.8% | -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 | AMCI | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | +6.4% | +24.9% |
| 2025 | -30.6% | +17.7% |
| 2026 | -48.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCI and SPY good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMCI and SPY?
The AMCI/SPY correlation stands at 0.03 on a 3-year window (1 year: 0.07, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for AMCI?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
A reading of 0.03 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AMCI correlations · SPY correlations
