CELZ vs SPY: Correlation
Creative Medical Technology Holdings, Inc. (CELZ) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELZ and SPY?
Over the past 3 years, CELZ and SPY moved with a correlation of 0.19, which is weak. The link has tightened recently: the 1-year correlation (0.39) runs above the 3-year figure (0.19). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 296.0 %².
SPY is close to the least connected end of CELZ's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with SPY ahead by 85.4 points (-64.8% versus +20.6%). One caveat on sizing: CELZ is 7.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CELZ vs SPY: side by side
| CELZ (Creative Medical Technology Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -64.8% | +20.6% |
| 5-year return | -99.2% | +82.4% |
| Volatility (ann.) | 107.6% | 14.5% |
| Beta vs S&P 500 | 1.42 | 1.00 |
| Max drawdown (3Y) | -89.9% | -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 | CELZ | SPY |
|---|---|---|
| 2022 | -82.8% | -18.2% |
| 2023 | +21.0% | +26.2% |
| 2024 | -49.9% | +24.9% |
| 2025 | -15.2% | +17.7% |
| 2026 | -41.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELZ and SPY good diversifiers for each other?
Yes. With a correlation of 0.19, CELZ and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CELZ and SPY?
As of 2026-08-27, the correlation of weekly returns between CELZ and SPY is 0.19 over 3 years, 0.39 over 1 year and 0.21 over 5 years.
Is SPY a good diversifier for CELZ?
Yes. With a correlation of 0.19, CELZ and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CELZ correlations · SPY correlations
