CLPS vs SPY: Correlation
CLPS Incorporation (CLPS) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPS and SPY?
Across a 3-year window, the weekly returns of CLPS and SPY correlate at 0.04, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.06) sits close to the 3-year figure. Stretching to 5 years gives 0.15, with an annualized covariance of 35.9 %².
Out of 10 assets tracked against CLPS, SPY lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 17.7 percentage points (+2.9% for CLPS against +20.6% for SPY). Risk is not evenly split, since CLPS carries 3.9 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.
CLPS vs SPY: side by side
| CLPS (CLPS Incorporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +2.9% | +20.6% |
| 5-year return | -61.2% | +82.4% |
| Volatility (ann.) | 56.0% | 14.5% |
| Beta vs S&P 500 | 0.17 | 1.00 |
| Max drawdown (3Y) | -50.4% | -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 | CLPS | SPY |
|---|---|---|
| 2022 | -40.3% | -18.2% |
| 2023 | +0.7% | +26.2% |
| 2024 | +22.7% | +24.9% |
| 2025 | -31.4% | +17.7% |
| 2026 | +33.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPS and SPY good diversifiers for each other?
Yes. With a correlation of 0.04, CLPS and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLPS and SPY?
As of 2026-08-27, the correlation of weekly returns between CLPS and SPY is 0.04 over 3 years, -0.06 over 1 year and 0.15 over 5 years.
Is SPY a good diversifier for CLPS?
Yes. With a correlation of 0.04, CLPS and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.04 mean?
A reading of 0.04 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: CLPS correlations · SPY correlations
