EJH vs SPY: Correlation
How closely do E-Home Household Service Holdings Limited (EJH) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of -0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EJH and SPY?
Across a 3-year window, the weekly returns of EJH and SPY correlate at -0.09, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.09). Stretching to 5 years gives 0.01, with an annualized covariance of -223.0 %².
By 3-year correlation, SPY places #8 of the 38 assets tracked against EJH. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 116.6 percentage points (-96.0% for EJH against +20.6% for SPY). Note the risk asymmetry: EJH runs 11.5 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.
EJH vs SPY: side by side
| EJH (E-Home Household Service Holdings Limited) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -96.0% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 167.4% | 14.5% |
| Beta vs S&P 500 | -1.07 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | EJH | SPY |
|---|---|---|
| 2022 | -98.5% | -18.2% |
| 2023 | -90.7% | +26.2% |
| 2024 | -99.7% | +24.9% |
| 2025 | -97.6% | +17.7% |
| 2026 | -93.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EJH and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between EJH and SPY?
Using weekly returns as of 2026-08-27: -0.09 over 3 years, with 0.04 over the last year and 0.01 over 5 years.
Is SPY a good diversifier for EJH?
By historical standards, yes. A correlation of -0.09 means the two rarely move for the same reasons.
What does a correlation of -0.09 mean?
On the −1 to +1 scale, -0.09 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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Hubs: EJH correlations · SPY correlations
