CETY vs SPY: Correlation
How closely do Clean Energy Technologies, Inc. (CETY) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETY and SPY?
On 3 years of weekly data the CETY/SPY correlation comes out at 0.07, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.21) runs above the 3-year figure (0.07). The 5-year figure is n/a, and annualized covariance runs at 111.1 %².
Among the 10 assets we track against CETY, SPY sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 94.7 percentage points (-74.1% for CETY against +20.6% for SPY). One caveat on sizing: CETY is 7.1 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.
CETY vs SPY: side by side
| CETY (Clean Energy Technologies, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -74.1% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 102.9% | 14.5% |
| Beta vs S&P 500 | 0.53 | 1.00 |
| Max drawdown (3Y) | -98.5% | -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 | CETY | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | -59.1% | +24.9% |
| 2025 | -92.1% | +17.7% |
| 2026 | +35.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETY and SPY good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CETY and SPY?
As of 2026-08-27, the correlation of weekly returns between CETY and SPY is 0.07 over 3 years, 0.21 over 1 year and n/a over 5 years.
Is SPY a good diversifier for CETY?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 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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Hubs: CETY correlations · SPY correlations
