BLNK vs SPY: Correlation
Blink Charging Co. (BLNK) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNK and SPY?
Over the past 3 years, BLNK and SPY moved with a correlation of 0.32, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 382.6 %².
Out of 10 assets tracked against BLNK, SPY lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 65.2 percentage points (-44.6% for BLNK against +20.6% for SPY). Note the risk asymmetry: BLNK runs 5.6 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.
BLNK vs SPY: side by side
| BLNK (Blink Charging Co.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -44.6% | +20.6% |
| 5-year return | -98.2% | +82.4% |
| Volatility (ann.) | 81.5% | 14.5% |
| Beta vs S&P 500 | 1.83 | 1.00 |
| Max drawdown (3Y) | -89.4% | -18.8% |
| Market cap | $0.1B | – |
| 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 | BLNK | SPY |
|---|---|---|
| 2022 | -58.6% | -18.2% |
| 2023 | -69.1% | +26.2% |
| 2024 | -59.0% | +24.9% |
| 2025 | -52.0% | +17.7% |
| 2026 | -13.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNK and SPY good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLNK and SPY?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.40 over the last year and 0.40 over 5 years.
Is SPY a good diversifier for BLNK?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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: BLNK correlations · SPY correlations
