CMCT vs SPY: Correlation
Measured on weekly returns over the past three years, Creative Media (CMCT) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and SPY?
Across a 3-year window, the weekly returns of CMCT and SPY correlate at 0.06, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.43) than the 3-year average (0.06). Stretching to 5 years gives 0.05, with an annualized covariance of 253.9 %².
By 3-year correlation, SPY places #14 of the 25 assets tracked against CMCT. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 120.0 percentage points (-99.4% for CMCT against +20.6% for SPY). Risk is not evenly split, since CMCT carries 21.1 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.
CMCT vs SPY: side by side
| CMCT (Creative Media) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -99.4% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 305.8% | 14.5% |
| Beta vs S&P 500 | 1.22 | 1.00 |
| Max drawdown (3Y) | -100.0% | -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 | CMCT | SPY |
|---|---|---|
| 2022 | -29.7% | -18.2% |
| 2023 | -18.2% | +26.2% |
| 2024 | -93.3% | +24.9% |
| 2025 | -35.5% | +17.7% |
| 2026 | -98.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and SPY good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMCT and SPY?
The CMCT/SPY correlation stands at 0.06 on a 3-year window (1 year: 0.43, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for CMCT?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 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: CMCT correlations · SPY correlations
