DOGZ vs SPY: Correlation
Dogness (International) Corporation (DOGZ) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOGZ and SPY?
Across a 3-year window, the weekly returns of DOGZ and SPY correlate at 0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.00 over 1 year against 0.01 over 3. Stretching to 5 years gives 0.04, with an annualized covariance of 19.6 %².
SPY is close to the least connected end of DOGZ's tracked universe, ranking #7 of 11. The last year tells two different stories: SPY led by 111.0 percentage points, -90.4% for DOGZ against +20.6% for SPY. Risk is not evenly split, since DOGZ carries 10.6 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.
DOGZ vs SPY: side by side
| DOGZ (Dogness (International) Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -90.4% | +20.6% |
| 5-year return | -97.9% | +82.4% |
| Volatility (ann.) | 153.8% | 14.5% |
| Beta vs S&P 500 | 0.09 | 1.00 |
| Max drawdown (3Y) | -98.5% | -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 | DOGZ | SPY |
|---|---|---|
| 2022 | -88.3% | -18.2% |
| 2023 | -74.0% | +26.2% |
| 2024 | +793.7% | +24.9% |
| 2025 | -76.7% | +17.7% |
| 2026 | -90.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOGZ and SPY good diversifiers for each other?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DOGZ and SPY?
The DOGZ/SPY correlation stands at 0.01 on a 3-year window (1 year: 0.00, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for DOGZ?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.01 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dogz-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dogz-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOGZ correlations · SPY correlations
