AUUD vs SPY: Correlation
Auddia Inc. (AUUD) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUUD and SPY?
On 3 years of weekly data the AUUD/SPY correlation comes out at -0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.08 over 1 year against -0.01 over 3. The 5-year figure is 0.07, and annualized covariance runs at -20.2 %².
By 3-year correlation, SPY places #7 of the 19 assets tracked against AUUD. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 115.2 percentage points (-94.6% for AUUD against +20.6% for SPY). Note the risk asymmetry: AUUD runs 7.4 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.
AUUD vs SPY: side by side
| AUUD (Auddia Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -94.6% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 107.6% | 14.5% |
| Beta vs S&P 500 | -0.10 | 1.00 |
| Max drawdown (3Y) | -99.9% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | – |
| 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 | AUUD | SPY |
|---|---|---|
| 2022 | -46.1% | -18.2% |
| 2023 | -74.0% | +26.2% |
| 2024 | -91.8% | +24.9% |
| 2025 | -88.8% | +17.7% |
| 2026 | -86.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUUD and SPY good diversifiers for each other?
Yes. With a correlation of -0.01, AUUD and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUUD and SPY?
As of 2026-08-27, the correlation of weekly returns between AUUD and SPY is -0.01 over 3 years, 0.08 over 1 year and 0.07 over 5 years.
Is SPY a good diversifier for AUUD?
Yes. With a correlation of -0.01, AUUD and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.01 mean?
A reading of -0.01 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AUUD correlations · SPY correlations
