CBUS vs SPY: Correlation
Cibus, Inc. (CBUS) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBUS and SPY?
Over the past 3 years, CBUS and SPY moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 577.2 %².
Among the 9 assets we track against CBUS, SPY sits near the bottom by co-movement, at rank #5. The trailing year gives CBUS the advantage: +26.5% versus +20.6%, a 5.9-point spread. Risk is not evenly split, since CBUS carries 7.2 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.
CBUS vs SPY: side by side
| CBUS (Cibus, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +26.5% | +20.6% |
| 5-year return | -99.2% | +82.4% |
| Volatility (ann.) | 105.1% | 14.5% |
| Beta vs S&P 500 | 2.76 | 1.00 |
| Max drawdown (3Y) | -94.9% | -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 | CBUS | SPY |
|---|---|---|
| 2022 | -93.1% | -18.2% |
| 2023 | +165.4% | +26.2% |
| 2024 | -85.8% | +24.9% |
| 2025 | -37.4% | +17.7% |
| 2026 | -4.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBUS and SPY good diversifiers for each other?
Reasonably. At 0.38, CBUS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBUS and SPY?
The CBUS/SPY correlation stands at 0.38 on a 3-year window (1 year: 0.24, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CBUS?
Reasonably. At 0.38, CBUS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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: CBUS correlations · SPY correlations
