FABC vs SPY: Correlation
Measured on weekly returns over the past three years, Fabric.AI, Inc. (FABC) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FABC and SPY?
On 3 years of weekly data the FABC/SPY correlation comes out at 0.29, weak. The past 12 months show a tighter link (0.52) than the 3-year average (0.29). The 5-year figure is 0.35, and annualized covariance runs at 389.9 %².
Out of 10 assets tracked against FABC, SPY lands near the bottom at #7. The last year tells two different stories: SPY led by 73.3 percentage points, -52.7% for FABC against +20.6% for SPY. Risk is not evenly split, since FABC carries 6.3 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.
FABC vs SPY: side by side
| FABC (Fabric.AI, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -52.7% | +20.6% |
| 5-year return | -99.5% | +82.4% |
| Volatility (ann.) | 91.5% | 14.5% |
| Beta vs S&P 500 | 1.87 | 1.00 |
| Max drawdown (3Y) | -97.7% | -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 | FABC | SPY |
|---|---|---|
| 2022 | -76.4% | -18.2% |
| 2023 | -42.1% | +26.2% |
| 2024 | -61.4% | +24.9% |
| 2025 | -77.5% | +17.7% |
| 2026 | +13.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FABC and SPY good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FABC and SPY?
The FABC/SPY correlation stands at 0.29 on a 3-year window (1 year: 0.52, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for FABC?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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: FABC correlations · SPY correlations
