EEIQ vs SPY: Correlation
Measured on weekly returns over the past three years, EpicQuest Education Group International Limited (EEIQ) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of -0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEIQ and SPY?
Across a 3-year window, the weekly returns of EEIQ and SPY correlate at -0.04, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.14 over 1 year against -0.04 over 3. Stretching to 5 years gives 0.01, with an annualized covariance of -99.3 %².
Within EEIQ's tracked universe of 16 assets, SPY comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 88.9 points (-68.3% versus +20.6%). Risk is not evenly split, since EEIQ carries 13.3 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.
EEIQ vs SPY: side by side
| EEIQ (EpicQuest Education Group International Limited) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -68.3% | +20.6% |
| 5-year return | -95.4% | +82.4% |
| Volatility (ann.) | 193.1% | 14.5% |
| Beta vs S&P 500 | -0.48 | 1.00 |
| Max drawdown (3Y) | -94.3% | -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 | EEIQ | SPY |
|---|---|---|
| 2022 | -33.0% | -18.2% |
| 2023 | -11.8% | +26.2% |
| 2024 | -46.7% | +24.9% |
| 2025 | -78.7% | +17.7% |
| 2026 | -25.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEIQ and SPY good diversifiers for each other?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EEIQ and SPY?
As of 2026-08-27, the correlation of weekly returns between EEIQ and SPY is -0.04 over 3 years, -0.14 over 1 year and 0.01 over 5 years.
Is SPY a good diversifier for EEIQ?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.04 mean?
On the −1 to +1 scale, -0.04 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: EEIQ correlations · SPY correlations
