AUC vs SPY: Correlation
How closely do ATIF Holdings Limited (AUC) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUC and SPY?
Across a 3-year window, the weekly returns of AUC and SPY correlate at -0.05, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.01) sits close to the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -82.2 %².
Within AUC's tracked universe of 24 assets, SPY comes in at #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +17.2% for AUC and +20.6% for SPY. Note the risk asymmetry: AUC runs 7.5 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.
AUC vs SPY: side by side
| AUC (ATIF Holdings Limited) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +17.2% | +20.6% |
| 5-year return | -88.8% | +82.4% |
| Volatility (ann.) | 108.2% | 14.5% |
| Beta vs S&P 500 | -0.39 | 1.00 |
| Max drawdown (3Y) | -88.5% | -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 | AUC | SPY |
|---|---|---|
| 2022 | -30.4% | -18.2% |
| 2023 | -53.3% | +26.2% |
| 2024 | +2.5% | +24.9% |
| 2025 | -70.6% | +17.7% |
| 2026 | +19.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUC and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUC and SPY?
Using weekly returns as of 2026-08-27: -0.05 over 3 years, with 0.01 over the last year and -0.03 over 5 years.
Is SPY a good diversifier for AUC?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
What does a correlation of -0.05 mean?
On the −1 to +1 scale, -0.05 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: AUC correlations · SPY correlations
