DJT vs SPY: Correlation
Measured on weekly returns over the past three years, Trump Media & Technology Group Corp. (DJT) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJT and SPY?
On 3 years of weekly data the DJT/SPY correlation comes out at 0.22, weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.10, and annualized covariance runs at 322.7 %².
Among the 11 assets we track against DJT, SPY sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 66.1 percentage points (-45.5% for DJT against +20.6% for SPY). One caveat on sizing: DJT is 7.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DJT vs SPY: side by side
| DJT (Trump Media & Technology Group Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -45.5% | +20.6% |
| 5-year return | -1.8% | +82.4% |
| Volatility (ann.) | 100.8% | 14.5% |
| Beta vs S&P 500 | 1.54 | 1.00 |
| Max drawdown (3Y) | -89.3% | -18.8% |
| Market cap | $2.7B | – |
| 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 | DJT | SPY |
|---|---|---|
| 2022 | -70.8% | -18.2% |
| 2023 | +16.7% | +26.2% |
| 2024 | +94.9% | +24.9% |
| 2025 | -61.2% | +17.7% |
| 2026 | -26.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJT and SPY good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DJT and SPY?
As of 2026-08-27, the correlation of weekly returns between DJT and SPY is 0.22 over 3 years, 0.32 over 1 year and 0.10 over 5 years.
Is SPY a good diversifier for DJT?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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: DJT correlations · SPY correlations
