AUID vs SPY: Correlation
How closely do authID Inc. (AUID) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUID and SPY?
Over the past 3 years, AUID and SPY moved with a correlation of 0.19, which is weak. The relationship has been stable: the 1-year correlation (0.15) sits close to the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 280.3 %².
Out of 11 assets tracked against AUID, SPY lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 109.2 percentage points (-88.6% for AUID against +20.6% for SPY). Risk is not evenly split, since AUID carries 6.9 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.
AUID vs SPY: side by side
| AUID (authID Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -88.6% | +20.6% |
| 5-year return | -99.3% | +82.4% |
| Volatility (ann.) | 100.2% | 14.5% |
| Beta vs S&P 500 | 1.34 | 1.00 |
| Max drawdown (3Y) | -96.7% | -18.8% |
| Market cap | – | – |
| 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 | AUID | SPY |
|---|---|---|
| 2022 | -95.9% | -18.2% |
| 2023 | +104.2% | +26.2% |
| 2024 | -36.4% | +24.9% |
| 2025 | -85.5% | +17.7% |
| 2026 | -42.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUID and SPY good diversifiers for each other?
Yes. With a correlation of 0.19, AUID and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUID and SPY?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.15 over the last year and 0.17 over 5 years.
Is SPY a good diversifier for AUID?
Yes. With a correlation of 0.19, AUID and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 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: AUID correlations · SPY correlations
