CRIS vs SPY: Correlation
Curis, Inc. (CRIS) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRIS and SPY?
Over the past 3 years, CRIS and SPY moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 584.7 %².
Within CRIS's tracked universe of 15 assets, SPY comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 116.0 percentage points (-95.4% for CRIS against +20.6% for SPY). Note the risk asymmetry: CRIS runs 7.2 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.
CRIS vs SPY: side by side
| CRIS (Curis, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -95.4% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 104.6% | 14.5% |
| Beta vs S&P 500 | 2.80 | 1.00 |
| Max drawdown (3Y) | -99.6% | -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 | CRIS | SPY |
|---|---|---|
| 2022 | -88.4% | -18.2% |
| 2023 | +15.9% | +26.2% |
| 2024 | -76.0% | +24.9% |
| 2025 | -67.6% | +17.7% |
| 2026 | -92.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRIS and SPY good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRIS and SPY?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.33 over the last year and 0.35 over 5 years.
Is SPY a good diversifier for CRIS?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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: CRIS correlations · SPY correlations
