BNAI vs SPY: Correlation
Brand Engagement Network Inc. (BNAI) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNAI and SPY?
Over the past 3 years, BNAI and SPY moved with a correlation of 0.00, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.15 versus 0.00 over 3 years. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is 19.8 %².
Among the 12 assets we track against BNAI, SPY ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BNAI outperformed by 285.6 percentage points (+306.2% for BNAI against +20.6% for SPY). Risk is not evenly split, since BNAI carries 21.3 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.
BNAI vs SPY: side by side
| BNAI (Brand Engagement Network Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +306.2% | +20.6% |
| 5-year return | -87.1% | +82.4% |
| Volatility (ann.) | 309.0% | 14.5% |
| Beta vs S&P 500 | 0.09 | 1.00 |
| Max drawdown (3Y) | -99.1% | -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 | BNAI | SPY |
|---|---|---|
| 2022 | +3.5% | -18.2% |
| 2023 | +5.2% | +26.2% |
| 2024 | -90.8% | +24.9% |
| 2025 | -76.2% | +17.7% |
| 2026 | +437.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNAI and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNAI and SPY?
As of 2026-08-27, the correlation of weekly returns between BNAI and SPY is 0.00 over 3 years, -0.15 over 1 year and 0.01 over 5 years.
Is SPY a good diversifier for BNAI?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
What does a correlation of 0.00 mean?
On the −1 to +1 scale, 0.00 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BNAI correlations · SPY correlations
