FUBO vs SPY: Correlation
Measured on weekly returns over the past three years, FuboTV Inc. (FUBO) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.03, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUBO and SPY?
On 3 years of weekly data the FUBO/SPY correlation comes out at 0.03, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.32 versus 0.03 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at 70.9 %².
By 3-year correlation, SPY places #19 of the 28 assets tracked against FUBO. The last year tells two different stories: SPY led by 95.9 percentage points, -75.3% for FUBO against +20.6% for SPY. Risk is not evenly split, since FUBO carries 11.3 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.
FUBO vs SPY: side by side
| FUBO (FuboTV Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -75.3% | +20.6% |
| 5-year return | -96.9% | +82.4% |
| Volatility (ann.) | 164.3% | 14.5% |
| Beta vs S&P 500 | 0.34 | 1.00 |
| Max drawdown (3Y) | -87.7% | -18.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 2.7 | – |
| 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 | FUBO | SPY |
|---|---|---|
| 2022 | -88.8% | -18.2% |
| 2023 | +82.8% | +26.2% |
| 2024 | -60.4% | +24.9% |
| 2025 | +100.0% | +17.7% |
| 2026 | -66.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUBO and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between FUBO and SPY?
As of 2026-08-27, the correlation of weekly returns between FUBO and SPY is 0.03 over 3 years, 0.32 over 1 year and 0.17 over 5 years.
Is SPY a good diversifier for FUBO?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
A reading of 0.03 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: FUBO correlations · SPY correlations
