ARBE vs SPY: Correlation
Arbe Robotics Ltd. (ARBE) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBE and SPY?
Over the past 3 years, ARBE and SPY moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 503.0 %².
Among the 14 assets we track against ARBE, SPY ranks #7 by 3-year correlation. The last year tells two different stories: SPY led by 72.7 percentage points, -52.1% for ARBE against +20.6% for SPY. Note the risk asymmetry: ARBE runs 6.0 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.
ARBE vs SPY: side by side
| ARBE (Arbe Robotics Ltd.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -52.1% | +20.6% |
| 5-year return | -93.4% | +82.4% |
| Volatility (ann.) | 87.7% | 14.5% |
| Beta vs S&P 500 | 2.41 | 1.00 |
| Max drawdown (3Y) | -86.1% | -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 | ARBE | SPY |
|---|---|---|
| 2022 | -63.3% | -18.2% |
| 2023 | -36.1% | +26.2% |
| 2024 | -14.7% | +24.9% |
| 2025 | -36.6% | +17.7% |
| 2026 | -43.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBE and SPY good diversifiers for each other?
Reasonably. At 0.40, ARBE and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARBE and SPY?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.41 over the last year and 0.27 over 5 years.
Is SPY a good diversifier for ARBE?
Reasonably. At 0.40, ARBE and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
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Related comparisons
Hubs: ARBE correlations · SPY correlations
