DRCT vs SPY: Correlation
Measured on weekly returns over the past three years, Direct Digital Holdings, Inc. (DRCT) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRCT and SPY?
Across a 3-year window, the weekly returns of DRCT and SPY correlate at 0.08, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.06 lands near the 3-year figure. Stretching to 5 years gives 0.10, with an annualized covariance of 287.6 %².
Out of 15 assets tracked against DRCT, SPY lands near the bottom at #12. The last year tells two different stories: SPY led by 118.2 percentage points, -97.6% for DRCT against +20.6% for SPY. Risk is not evenly split, since DRCT carries 18.2 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.
DRCT vs SPY: side by side
| DRCT (Direct Digital Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -97.6% | +20.6% |
| 5-year return | -99.7% | +82.4% |
| Volatility (ann.) | 263.7% | 14.5% |
| Beta vs S&P 500 | 1.38 | 1.00 |
| Max drawdown (3Y) | -100.0% | -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 | DRCT | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | +513.6% | +26.2% |
| 2024 | -89.3% | +24.9% |
| 2025 | -96.0% | +17.7% |
| 2026 | -83.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRCT and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between DRCT and SPY?
As of 2026-08-27, the correlation of weekly returns between DRCT and SPY is 0.08 over 3 years, 0.06 over 1 year and 0.10 over 5 years.
Is SPY a good diversifier for DRCT?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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: DRCT correlations · SPY correlations
