BRFH vs SPY: Correlation
How closely do Barfresh Food Group Inc. (BRFH) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRFH and SPY?
Over the past 3 years, BRFH and SPY moved with a correlation of 0.11, which is weak. Little has changed lately, as the 1-year reading of 0.09 lands near the 3-year figure. Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 164.8 %².
Among the 12 assets we track against BRFH, SPY ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 81.2 points (-60.6% versus +20.6%). Risk is not evenly split, since BRFH carries 7.0 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.
BRFH vs SPY: side by side
| BRFH (Barfresh Food Group Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -60.6% | +20.6% |
| 5-year return | -78.8% | +82.4% |
| Volatility (ann.) | 101.1% | 14.5% |
| Beta vs S&P 500 | 0.79 | 1.00 |
| Max drawdown (3Y) | -72.9% | -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 | BRFH | SPY |
|---|---|---|
| 2022 | -80.2% | -18.2% |
| 2023 | +22.3% | +26.2% |
| 2024 | +84.9% | +24.9% |
| 2025 | -0.3% | +17.7% |
| 2026 | -56.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRFH and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRFH and SPY?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.09 over the last year and 0.07 over 5 years.
Is SPY a good diversifier for BRFH?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brfh-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brfh-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRFH correlations · SPY correlations
