FIEE vs SPY: Correlation
FiEE, Inc (FIEE) 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 FIEE and SPY?
Across a 3-year window, the weekly returns of FIEE and SPY correlate at 0.01, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.05) sits close to the 3-year figure. Stretching to 5 years gives 0.05, with an annualized covariance of 59.8 %².
Among the 12 assets we track against FIEE, SPY ranks #6 by 3-year correlation. The last year tells two different stories: FIEE led by 24.5 percentage points, +45.1% for FIEE against +20.6% for SPY. Risk is not evenly split, since FIEE carries 19.3 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.
FIEE vs SPY: side by side
| FIEE (FiEE, Inc) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +45.1% | +20.6% |
| 5-year return | -92.3% | +82.4% |
| Volatility (ann.) | 279.4% | 14.5% |
| Beta vs S&P 500 | 0.29 | 1.00 |
| Max drawdown (3Y) | -98.1% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 9.0 | – |
| 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 | FIEE | SPY |
|---|---|---|
| 2022 | -84.8% | -18.2% |
| 2023 | -58.5% | +26.2% |
| 2024 | -88.8% | +24.9% |
| 2025 | +1359.1% | +17.7% |
| 2026 | +28.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIEE 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 FIEE and SPY?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with -0.05 over the last year and 0.05 over 5 years.
Is SPY a good diversifier for FIEE?
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: FIEE correlations · SPY correlations
