GMHS vs SPY: Correlation
Gamehaus Holdings Inc. - Class A (GMHS) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMHS and SPY?
Across a 3-year window, the weekly returns of GMHS and SPY correlate at -0.03, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.15) than the 3-year average (-0.03). Stretching to 5 years gives n/a, with an annualized covariance of -33.0 %².
By 3-year correlation, SPY places #9 of the 28 assets tracked against GMHS. The last year tells two different stories: SPY led by 55.7 percentage points, -35.1% for GMHS against +20.6% for SPY. Note the risk asymmetry: GMHS runs 6.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GMHS vs SPY: side by side
| GMHS (Gamehaus Holdings Inc. - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -35.1% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 86.7% | 14.5% |
| Beta vs S&P 500 | -0.16 | 1.00 |
| Max drawdown (3Y) | -95.8% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 8.1 | – |
| 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 | GMHS | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | +8.1% | +24.9% |
| 2025 | -91.6% | +17.7% |
| 2026 | -23.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMHS and SPY good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMHS and SPY?
Using weekly returns as of 2026-08-27: -0.03 over 3 years, with -0.15 over the last year and n/a over 5 years.
Is SPY a good diversifier for GMHS?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 mean?
On the −1 to +1 scale, -0.03 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GMHS correlations · SPY correlations
