EPOW vs SPY: Correlation
E-Power Inc. - Class A (EPOW) 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 EPOW and SPY?
Over the past 3 years, EPOW and SPY moved with a correlation of 0.01, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.16) runs below the 3-year figure (0.01). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 12.2 %².
Among the 10 assets we track against EPOW, SPY sits near the bottom by co-movement, at rank #6. The last year tells two different stories: SPY led by 70.5 percentage points, -49.9% for EPOW against +20.6% for SPY. One caveat on sizing: EPOW is 5.2 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.
EPOW vs SPY: side by side
| EPOW (E-Power Inc. - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -49.9% | +20.6% |
| 5-year return | -81.9% | +82.4% |
| Volatility (ann.) | 75.1% | 14.5% |
| Beta vs S&P 500 | 0.06 | 1.00 |
| Max drawdown (3Y) | -80.3% | -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 | EPOW | SPY |
|---|---|---|
| 2022 | +135.3% | -18.2% |
| 2023 | -60.4% | +26.2% |
| 2024 | -20.0% | +24.9% |
| 2025 | +13.4% | +17.7% |
| 2026 | -54.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPOW 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 EPOW and SPY?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with -0.16 over the last year and 0.12 over 5 years.
Is SPY a good diversifier for EPOW?
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?
A reading of 0.01 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: EPOW correlations · SPY correlations
