CAPR vs SPY: Correlation
Capricor Therapeutics, Inc. (CAPR) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPR and SPY?
Over the past 3 years, CAPR and SPY moved with a correlation of 0.11, which is weak. The relationship has been stable: the 1-year correlation (0.02) sits close to the 3-year figure. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 433.3 %².
Among the 17 assets we track against CAPR, SPY ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CAPR outperformed by 40.4 percentage points (+61.0% for CAPR against +20.6% for SPY). Note the risk asymmetry: CAPR runs 18.8 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.
CAPR vs SPY: side by side
| CAPR (Capricor Therapeutics, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +61.0% | +20.6% |
| 5-year return | +132.9% | +82.4% |
| Volatility (ann.) | 272.5% | 14.5% |
| Beta vs S&P 500 | 2.07 | 1.00 |
| Max drawdown (3Y) | -89.1% | -18.8% |
| Market cap | $0.6B | – |
| 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 | CAPR | SPY |
|---|---|---|
| 2022 | +31.7% | -18.2% |
| 2023 | +26.7% | +26.2% |
| 2024 | +182.2% | +24.9% |
| 2025 | +109.1% | +17.7% |
| 2026 | -65.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPR and SPY good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CAPR and SPY?
The CAPR/SPY correlation stands at 0.11 on a 3-year window (1 year: 0.02, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CAPR?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 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: CAPR correlations · SPY correlations
