FEAM vs SPY: Correlation
How closely do 5E Advanced Materials, Inc. (FEAM) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEAM and SPY?
On 3 years of weekly data the FEAM/SPY correlation comes out at 0.24, weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.24 over 3. The 5-year figure is 0.22, and annualized covariance runs at 347.3 %².
Out of 10 assets tracked against FEAM, SPY lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 70.9 points (-50.3% versus +20.6%). Risk is not evenly split, since FEAM carries 6.9 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.
FEAM vs SPY: side by side
| FEAM (5E Advanced Materials, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -50.3% | +20.6% |
| 5-year return | -99.8% | +82.4% |
| Volatility (ann.) | 100.5% | 14.5% |
| Beta vs S&P 500 | 1.66 | 1.00 |
| Max drawdown (3Y) | -98.6% | -18.8% |
| Market cap | $0.1B | – |
| 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 | FEAM | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -82.1% | +26.2% |
| 2024 | -54.6% | +24.9% |
| 2025 | -79.3% | +17.7% |
| 2026 | -44.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEAM and SPY good diversifiers for each other?
Reasonably. At 0.24, FEAM and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FEAM and SPY?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.22 over the last year and 0.22 over 5 years.
Is SPY a good diversifier for FEAM?
Reasonably. At 0.24, FEAM and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: FEAM correlations · SPY correlations
