FTFT vs SPY: Correlation
Future FinTech Group Inc. (FTFT) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTFT and SPY?
Across a 3-year window, the weekly returns of FTFT and SPY correlate at 0.08, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.32) runs above the 3-year figure (0.08). Stretching to 5 years gives 0.15, with an annualized covariance of 181.6 %².
Within FTFT's tracked universe of 19 assets, SPY comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 119.0 percentage points (-98.4% for FTFT against +20.6% for SPY). One caveat on sizing: FTFT is 10.7 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.
FTFT vs SPY: side by side
| FTFT (Future FinTech Group Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -98.4% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 154.7% | 14.5% |
| Beta vs S&P 500 | 0.87 | 1.00 |
| Max drawdown (3Y) | -99.8% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | FTFT | SPY |
|---|---|---|
| 2022 | -72.2% | -18.2% |
| 2023 | -1.1% | +26.2% |
| 2024 | -83.1% | +24.9% |
| 2025 | -75.2% | +17.7% |
| 2026 | -95.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTFT and SPY good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTFT and SPY?
The FTFT/SPY correlation stands at 0.08 on a 3-year window (1 year: 0.32, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for FTFT?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ftft-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ftft-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTFT correlations · SPY correlations
