BGDE vs SPY: Correlation
Big Digital Energy, Inc. (BGDE) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGDE and SPY?
Across a 3-year window, the weekly returns of BGDE and SPY correlate at 0.34, moderate. The past 12 months show a tighter link (0.46) than the 3-year average (0.34). Stretching to 5 years gives 0.29, with an annualized covariance of 882.8 %².
SPY is close to the least connected end of BGDE's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with SPY ahead by 33.9 points (-13.3% versus +20.6%). One caveat on sizing: BGDE is 12.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BGDE vs SPY: side by side
| BGDE (Big Digital Energy, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -13.3% | +20.6% |
| 5-year return | -99.6% | +82.4% |
| Volatility (ann.) | 181.6% | 14.5% |
| Beta vs S&P 500 | 4.23 | 1.00 |
| Max drawdown (3Y) | -98.0% | -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 | BGDE | SPY |
|---|---|---|
| 2022 | -96.5% | -18.2% |
| 2023 | +131.9% | +26.2% |
| 2024 | -74.1% | +24.9% |
| 2025 | -74.6% | +17.7% |
| 2026 | +72.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGDE and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BGDE and SPY?
As of 2026-08-27, the correlation of weekly returns between BGDE and SPY is 0.34 over 3 years, 0.46 over 1 year and 0.29 over 5 years.
Is SPY a good diversifier for BGDE?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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: BGDE correlations · SPY correlations
