DIT vs SPY: Correlation
How closely do AMCON Distributing Company (DIT) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIT and SPY?
Over the past 3 years, DIT and SPY moved with a correlation of 0.04, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.09) sits close to the 3-year figure. Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is 18.5 %².
By 3-year correlation, SPY places #6 of the 11 assets tracked against DIT. The last year tells two different stories: SPY led by 30.5 percentage points, -9.9% for DIT against +20.6% for SPY. Risk is not evenly split, since DIT carries 2.5 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.
DIT vs SPY: side by side
| DIT (AMCON Distributing Company) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -9.9% | +20.6% |
| 5-year return | -29.8% | +82.4% |
| Volatility (ann.) | 35.6% | 14.5% |
| Beta vs S&P 500 | 0.09 | 1.00 |
| Max drawdown (3Y) | -55.9% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.63% | 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 | DIT | SPY |
|---|---|---|
| 2022 | -6.4% | -18.2% |
| 2023 | +8.1% | +26.2% |
| 2024 | -33.7% | +24.9% |
| 2025 | -12.8% | +17.7% |
| 2026 | -6.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIT and SPY good diversifiers for each other?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DIT and SPY?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.09 over the last year and 0.05 over 5 years.
Is SPY a good diversifier for DIT?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
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: DIT correlations · SPY correlations
