CLMB vs SPY: Correlation
Climb Global Solutions, Inc. (CLMB) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLMB and SPY?
Over the past 3 years, CLMB and SPY moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 218.1 %².
Among the 10 assets we track against CLMB, SPY sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 27.3 percentage points (-6.7% for CLMB against +20.6% for SPY). Risk is not evenly split, since CLMB carries 3.1 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.
CLMB vs SPY: side by side
| CLMB (Climb Global Solutions, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -6.7% | +20.6% |
| 5-year return | +361.0% | +82.4% |
| Volatility (ann.) | 45.3% | 14.5% |
| Beta vs S&P 500 | 1.04 | 1.00 |
| Max drawdown (3Y) | -53.4% | -18.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 0.33% | 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 | CLMB | SPY |
|---|---|---|
| 2022 | -8.3% | -18.2% |
| 2023 | +76.6% | +26.2% |
| 2024 | +133.3% | +24.9% |
| 2025 | -18.4% | +17.7% |
| 2026 | +13.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLMB and SPY good diversifiers for each other?
Reasonably. At 0.33, CLMB and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLMB and SPY?
As of 2026-08-27, the correlation of weekly returns between CLMB and SPY is 0.33 over 3 years, 0.33 over 1 year and 0.31 over 5 years.
Is SPY a good diversifier for CLMB?
Reasonably. At 0.33, CLMB and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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: CLMB correlations · SPY correlations
