AZIO vs SPY: Correlation
Azio AI Holdings, Inc. (AZIO) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZIO and SPY?
Over the past 3 years, AZIO and SPY moved with a correlation of 0.04, which is 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. Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 250.9 %².
Among the 18 assets we track against AZIO, SPY ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 64.1 percentage points (-43.5% for AZIO against +20.6% for SPY). Risk is not evenly split, since AZIO carries 27.9 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.
AZIO vs SPY: side by side
| AZIO (Azio AI Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -43.5% | +20.6% |
| 5-year return | -97.5% | +82.4% |
| Volatility (ann.) | 404.0% | 14.5% |
| Beta vs S&P 500 | 1.20 | 1.00 |
| Max drawdown (3Y) | -98.8% | -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 | AZIO | SPY |
|---|---|---|
| 2022 | -52.7% | -18.2% |
| 2023 | -36.2% | +26.2% |
| 2024 | -11.0% | +24.9% |
| 2025 | -97.0% | +17.7% |
| 2026 | +276.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZIO and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between AZIO and SPY?
The AZIO/SPY correlation stands at 0.04 on a 3-year window (1 year: -0.01, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for AZIO?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 mean?
A reading of 0.04 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: AZIO correlations · SPY correlations
