DTSS vs SPY: Correlation
Measured on weekly returns over the past three years, Datasea Intelligent Technology Ltd. - Class A (DTSS) 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 DTSS and SPY?
Across a 3-year window, the weekly returns of DTSS and SPY correlate at 0.08, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.17) sits close to the 3-year figure. Stretching to 5 years gives 0.07, with an annualized covariance of 252.3 %².
Out of 10 assets tracked against DTSS, SPY lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 87.1 percentage points (-66.5% for DTSS against +20.6% for SPY). Note the risk asymmetry: DTSS runs 14.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DTSS vs SPY: side by side
| DTSS (Datasea Intelligent Technology Ltd. - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -66.5% | +20.6% |
| 5-year return | -97.7% | +82.4% |
| Volatility (ann.) | 206.7% | 14.5% |
| Beta vs S&P 500 | 1.21 | 1.00 |
| Max drawdown (3Y) | -93.3% | -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 | DTSS | SPY |
|---|---|---|
| 2022 | -3.8% | -18.2% |
| 2023 | -84.3% | +26.2% |
| 2024 | -35.0% | +24.9% |
| 2025 | -71.4% | +17.7% |
| 2026 | +10.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTSS and SPY good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DTSS and SPY?
The DTSS/SPY correlation stands at 0.08 on a 3-year window (1 year: 0.17, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for DTSS?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
A reading of 0.08 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DTSS correlations · SPY correlations
