BGLC vs SPY: Correlation
How closely do BioNexus Gene Lab Corp (BGLC) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGLC and SPY?
Across a 3-year window, the weekly returns of BGLC and SPY correlate at 0.09, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.30 versus 0.09 over 3 years. Stretching to 5 years gives 0.07, with an annualized covariance of 219.7 %².
Within BGLC's tracked universe of 14 assets, SPY comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 93.8 percentage points (-73.2% for BGLC against +20.6% for SPY). Risk is not evenly split, since BGLC carries 12.3 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.
BGLC vs SPY: side by side
| BGLC (BioNexus Gene Lab Corp) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -73.2% | +20.6% |
| 5-year return | -99.2% | +82.4% |
| Volatility (ann.) | 177.7% | 14.5% |
| Beta vs S&P 500 | 1.05 | 1.00 |
| Max drawdown (3Y) | -93.4% | -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 | BGLC | SPY |
|---|---|---|
| 2022 | -55.4% | -18.2% |
| 2023 | -95.4% | +26.2% |
| 2024 | -47.2% | +24.9% |
| 2025 | +41.1% | +17.7% |
| 2026 | -62.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGLC and SPY good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BGLC and SPY?
As of 2026-08-27, the correlation of weekly returns between BGLC and SPY is 0.09 over 3 years, 0.30 over 1 year and 0.07 over 5 years.
Is SPY a good diversifier for BGLC?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 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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Hubs: BGLC correlations · SPY correlations
