DOMO vs SPY: Correlation
Measured on weekly returns over the past three years, Domo, Inc. (DOMO) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOMO and SPY?
Across a 3-year window, the weekly returns of DOMO and SPY correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 422.8 %².
SPY is close to the least connected end of DOMO's tracked universe, ranking #9 of 13. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 98.3 percentage points (-77.7% for DOMO against +20.6% for SPY). Risk is not evenly split, since DOMO carries 5.2 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.
DOMO vs SPY: side by side
| DOMO (Domo, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -77.7% | +20.6% |
| 5-year return | -95.7% | +82.4% |
| Volatility (ann.) | 74.7% | 14.5% |
| Beta vs S&P 500 | 2.02 | 1.00 |
| Max drawdown (3Y) | -89.0% | -18.8% |
| Market cap | $0.2B | – |
| 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 | DOMO | SPY |
|---|---|---|
| 2022 | -71.3% | -18.2% |
| 2023 | -27.7% | +26.2% |
| 2024 | -31.2% | +24.9% |
| 2025 | +19.1% | +17.7% |
| 2026 | -53.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOMO 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 DOMO and SPY?
The DOMO/SPY correlation stands at 0.39 on a 3-year window (1 year: 0.36, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for DOMO?
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?
On the −1 to +1 scale, 0.39 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: DOMO correlations · SPY correlations
