DRIO vs SPY: Correlation
Measured on weekly returns over the past three years, DarioHealth Corp. (DRIO) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRIO and SPY?
Over the past 3 years, DRIO and SPY moved with a correlation of 0.13, which is weak. The past 12 months show a weaker link (-0.07) than the 3-year average (0.13). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 192.9 %².
Among the 13 assets we track against DRIO, SPY sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with SPY ahead by 50.2 points (-29.6% versus +20.6%). Risk is not evenly split, since DRIO carries 7.3 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.
DRIO vs SPY: side by side
| DRIO (DarioHealth Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -29.6% | +20.6% |
| 5-year return | -97.3% | +82.4% |
| Volatility (ann.) | 106.1% | 14.5% |
| Beta vs S&P 500 | 0.92 | 1.00 |
| Max drawdown (3Y) | -91.2% | -18.8% |
| Market cap | $0.1B | – |
| 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 | DRIO | SPY |
|---|---|---|
| 2022 | -67.0% | -18.2% |
| 2023 | -59.8% | +26.2% |
| 2024 | -54.3% | +24.9% |
| 2025 | -27.6% | +17.7% |
| 2026 | -40.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRIO and SPY good diversifiers for each other?
Yes. With a correlation of 0.13, DRIO and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DRIO and SPY?
As of 2026-08-27, the correlation of weekly returns between DRIO and SPY is 0.13 over 3 years, -0.07 over 1 year and 0.19 over 5 years.
Is SPY a good diversifier for DRIO?
Yes. With a correlation of 0.13, DRIO and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drio-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drio-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DRIO correlations · SPY correlations
