AUBN vs SPY: Correlation
Auburn National Bancorporation, Inc. (AUBN) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUBN and SPY?
Across a 3-year window, the weekly returns of AUBN and SPY correlate at 0.02, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.13) than the 3-year average (0.02). Stretching to 5 years gives 0.01, with an annualized covariance of 7.9 %².
Within AUBN's tracked universe of 12 assets, SPY comes in at #7 by 3-year correlation. The trailing year gives SPY the advantage: +10.1% versus +20.6%, a 10.5-point spread. Risk is not evenly split, since AUBN carries 2.2 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.
AUBN vs SPY: side by side
| AUBN (Auburn National Bancorporation, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +10.1% | +20.6% |
| 5-year return | -4.9% | +82.4% |
| Volatility (ann.) | 31.8% | 14.5% |
| Beta vs S&P 500 | 0.04 | 1.00 |
| Max drawdown (3Y) | -24.5% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.06% | 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 | AUBN | SPY |
|---|---|---|
| 2022 | -26.0% | -18.2% |
| 2023 | -2.8% | +26.2% |
| 2024 | +16.3% | +24.9% |
| 2025 | +20.2% | +17.7% |
| 2026 | -0.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUBN and SPY good diversifiers for each other?
Yes. With a correlation of 0.02, AUBN and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUBN and SPY?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with -0.13 over the last year and 0.01 over 5 years.
Is SPY a good diversifier for AUBN?
Yes. With a correlation of 0.02, AUBN and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AUBN correlations · SPY correlations
