GENI vs SPY: Correlation
Measured on weekly returns over the past three years, Genius Sports Limited (GENI) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENI and SPY?
On 3 years of weekly data the GENI/SPY correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 285.2 %².
Among the 11 assets we track against GENI, SPY sits near the bottom by co-movement, at rank #7. The last year tells two different stories: SPY led by 58.5 percentage points, -37.9% for GENI against +20.6% for SPY. Risk is not evenly split, since GENI carries 3.8 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.
GENI vs SPY: side by side
| GENI (Genius Sports Limited) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -37.9% | +20.6% |
| 5-year return | -59.5% | +82.4% |
| Volatility (ann.) | 55.6% | 14.5% |
| Beta vs S&P 500 | 1.37 | 1.00 |
| Max drawdown (3Y) | -71.1% | -18.8% |
| Market cap | $2.1B | – |
| 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 | GENI | SPY |
|---|---|---|
| 2022 | -53.0% | -18.2% |
| 2023 | +73.1% | +26.2% |
| 2024 | +40.0% | +24.9% |
| 2025 | +27.4% | +17.7% |
| 2026 | -27.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENI and SPY good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GENI and SPY?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.38 over the last year and 0.37 over 5 years.
Is SPY a good diversifier for GENI?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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: GENI correlations · SPY correlations
