CHSN vs SPY: Correlation
Measured on weekly returns over the past three years, Chanson International Holding - Class A (CHSN) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHSN and SPY?
Across a 3-year window, the weekly returns of CHSN and SPY correlate at 0.02, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.09) than the 3-year average (0.02). Stretching to 5 years gives n/a, with an annualized covariance of 112.5 %².
Within CHSN's tracked universe of 18 assets, SPY comes in at #9 by 3-year correlation. The last year tells two different stories: SPY led by 120.0 percentage points, -99.4% for CHSN against +20.6% for SPY. Note the risk asymmetry: CHSN runs 22.1 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.
CHSN vs SPY: side by side
| CHSN (Chanson International Holding - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -99.4% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 320.2% | 14.5% |
| Beta vs S&P 500 | 0.54 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 0.4 | – |
| 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 | CHSN | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | +318.9% | +24.9% |
| 2025 | -99.5% | +17.7% |
| 2026 | -99.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHSN and SPY good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHSN and SPY?
The CHSN/SPY correlation stands at 0.02 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CHSN?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 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: CHSN correlations · SPY correlations
