FNGR vs SPY: Correlation
FingerMotion, Inc. (FNGR) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGR and SPY?
On 3 years of weekly data the FNGR/SPY correlation comes out at 0.15, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.15 over 3. The 5-year figure is 0.03, and annualized covariance runs at 207.8 %².
Among the 10 assets we track against FNGR, SPY sits near the bottom by co-movement, at rank #6. The last year tells two different stories: SPY led by 109.8 percentage points, -89.2% for FNGR against +20.6% for SPY. Risk is not evenly split, since FNGR carries 6.5 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.
FNGR vs SPY: side by side
| FNGR (FingerMotion, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -89.2% | +20.6% |
| 5-year return | -96.1% | +82.4% |
| Volatility (ann.) | 94.3% | 14.5% |
| Beta vs S&P 500 | 0.99 | 1.00 |
| Max drawdown (3Y) | -97.9% | -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 | FNGR | SPY |
|---|---|---|
| 2022 | -60.5% | -18.2% |
| 2023 | +43.1% | +26.2% |
| 2024 | -70.1% | +24.9% |
| 2025 | +2.5% | +17.7% |
| 2026 | -85.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGR and SPY good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGR and SPY?
The FNGR/SPY correlation stands at 0.15 on a 3-year window (1 year: 0.18, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for FNGR?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 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: FNGR correlations · SPY correlations
