HELP vs SPY: Correlation
How closely do Cybin Inc. (HELP) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HELP and SPY?
Across a 3-year window, the weekly returns of HELP and SPY correlate at 0.12, weak. Lately the two have moved closer together, with the 1-year correlation at 0.29 versus 0.12 over 3 years. Stretching to 5 years gives 0.17, with an annualized covariance of 145.5 %².
SPY is close to the least connected end of HELP's tracked universe, ranking #6 of 10. Correlation aside, the last 12 months split them widely, with HELP ahead by 52.0 points (+72.6% versus +20.6%). One caveat on sizing: HELP is 5.7 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.
HELP vs SPY: side by side
| HELP (Cybin Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +72.6% | +20.6% |
| 5-year return | -87.2% | +82.4% |
| Volatility (ann.) | 82.6% | 14.5% |
| Beta vs S&P 500 | 0.70 | 1.00 |
| Max drawdown (3Y) | -84.3% | -18.8% |
| Market cap | $1.0B | – |
| 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 | HELP | SPY |
|---|---|---|
| 2022 | -75.2% | -18.2% |
| 2023 | +38.0% | +26.2% |
| 2024 | -43.4% | +24.9% |
| 2025 | -7.3% | +17.7% |
| 2026 | +61.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HELP and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between HELP and SPY?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.29 over the last year and 0.17 over 5 years.
Is SPY a good diversifier for HELP?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 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/help-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/help-vs-spy/)
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Related comparisons
Hubs: HELP correlations · SPY correlations
