ATNM vs SPY: Correlation
How closely do Actinium Pharmaceuticals, Inc. (Delaware) (ATNM) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATNM and SPY?
Over the past 3 years, ATNM and SPY moved with a correlation of 0.30, which is moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 360.8 %².
Among the 12 assets we track against ATNM, SPY sits near the bottom by co-movement, at rank #8. The last year tells two different stories: SPY led by 63.8 percentage points, -43.2% for ATNM against +20.6% for SPY. Note the risk asymmetry: ATNM runs 5.8 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.
ATNM vs SPY: side by side
| ATNM (Actinium Pharmaceuticals, Inc. (Delaware)) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -43.2% | +20.6% |
| 5-year return | -83.3% | +82.4% |
| Volatility (ann.) | 83.6% | 14.5% |
| Beta vs S&P 500 | 1.73 | 1.00 |
| Max drawdown (3Y) | -92.4% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 2.9 | – |
| 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 | ATNM | SPY |
|---|---|---|
| 2022 | +77.2% | -18.2% |
| 2023 | -52.3% | +26.2% |
| 2024 | -75.2% | +24.9% |
| 2025 | +7.9% | +17.7% |
| 2026 | -26.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATNM and SPY good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATNM and SPY?
As of 2026-08-27, the correlation of weekly returns between ATNM and SPY is 0.30 over 3 years, 0.31 over 1 year and 0.24 over 5 years.
Is SPY a good diversifier for ATNM?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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: ATNM correlations · SPY correlations
