DSS vs SPY: Correlation
DSS, Inc. (DSS) 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 DSS and SPY?
Across a 3-year window, the weekly returns of DSS and SPY correlate at -0.01, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.01 over 3 years. Stretching to 5 years gives 0.12, with an annualized covariance of -5.9 %².
Among the 10 assets we track against DSS, SPY sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 89.2 points (-68.6% versus +20.6%). One caveat on sizing: DSS is 4.3 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.
DSS vs SPY: side by side
| DSS (DSS, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -68.6% | +20.6% |
| 5-year return | -97.6% | +82.4% |
| Volatility (ann.) | 62.3% | 14.5% |
| Beta vs S&P 500 | -0.03 | 1.00 |
| Max drawdown (3Y) | -90.5% | -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 | DSS | SPY |
|---|---|---|
| 2022 | -75.6% | -18.2% |
| 2023 | -21.2% | +26.2% |
| 2024 | -62.5% | +24.9% |
| 2025 | +3.1% | +17.7% |
| 2026 | -41.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSS and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between DSS and SPY?
The DSS/SPY correlation stands at -0.01 on a 3-year window (1 year: 0.12, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for DSS?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: DSS correlations · SPY correlations
