HUBC vs SPY: Correlation
Measured on weekly returns over the past three years, Hub Cyber Security Ltd. (HUBC) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBC and SPY?
On 3 years of weekly data the HUBC/SPY correlation comes out at 0.11, weak. The past 12 months show a tighter link (0.31) than the 3-year average (0.11). The 5-year figure is 0.04, and annualized covariance runs at 305.9 %².
Within HUBC's tracked universe of 12 assets, SPY comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 120.6 points (-100.0% versus +20.6%). Risk is not evenly split, since HUBC carries 13.1 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.
HUBC vs SPY: side by side
| HUBC (Hub Cyber Security Ltd.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -100.0% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 189.4% | 14.5% |
| Beta vs S&P 500 | 1.46 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | – |
| 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 | HUBC | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -98.2% | +26.2% |
| 2024 | -68.2% | +24.9% |
| 2025 | -94.4% | +17.7% |
| 2026 | -100.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBC and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between HUBC and SPY?
The HUBC/SPY correlation stands at 0.11 on a 3-year window (1 year: 0.31, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for HUBC?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 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: HUBC correlations · SPY correlations
