ANIX vs SPY: Correlation
How closely do Anixa Biosciences, Inc. (ANIX) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIX and SPY?
On 3 years of weekly data the ANIX/SPY correlation comes out at 0.15, weak. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 124.5 %².
Among the 10 assets we track against ANIX, SPY sits near the bottom by co-movement, at rank #6. Neither side won the trailing year by much: +22.0% against +20.6%. One caveat on sizing: ANIX 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.
ANIX vs SPY: side by side
| ANIX (Anixa Biosciences, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +22.0% | +20.6% |
| 5-year return | -34.3% | +82.4% |
| Volatility (ann.) | 57.0% | 14.5% |
| Beta vs S&P 500 | 0.60 | 1.00 |
| Max drawdown (3Y) | -57.6% | -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 | ANIX | SPY |
|---|---|---|
| 2022 | +43.1% | -18.2% |
| 2023 | -8.7% | +26.2% |
| 2024 | -40.2% | +24.9% |
| 2025 | +34.5% | +17.7% |
| 2026 | +15.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIX and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANIX and SPY?
As of 2026-08-27, the correlation of weekly returns between ANIX and SPY is 0.15 over 3 years, 0.05 over 1 year and 0.18 over 5 years.
Is SPY a good diversifier for ANIX?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
A reading of 0.15 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/anix-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anix-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANIX correlations · SPY correlations
