IMTE vs SPY: Correlation
Measured on weekly returns over the past three years, Integrated Media Technology Limited (IMTE) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of -0.00, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMTE and SPY?
Across a 3-year window, the weekly returns of IMTE and SPY correlate at -0.00, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.13) than the 3-year average (-0.00). Stretching to 5 years gives 0.04, with an annualized covariance of -10.6 %².
Among the 10 assets we track against IMTE, SPY sits near the bottom by co-movement, at rank #7. The last year tells two different stories: SPY led by 70.2 percentage points, -49.6% for IMTE against +20.6% for SPY. Note the risk asymmetry: IMTE runs 11.3 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.
IMTE vs SPY: side by side
| IMTE (Integrated Media Technology Limited) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -49.6% | +20.6% |
| 5-year return | -99.0% | +82.4% |
| Volatility (ann.) | 164.0% | 14.5% |
| Beta vs S&P 500 | -0.05 | 1.00 |
| Max drawdown (3Y) | -90.0% | -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 | IMTE | SPY |
|---|---|---|
| 2022 | -84.6% | -18.2% |
| 2023 | -60.6% | +26.2% |
| 2024 | -53.9% | +24.9% |
| 2025 | -51.9% | +17.7% |
| 2026 | -19.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMTE and SPY good diversifiers for each other?
Yes. With a correlation of -0.00, IMTE and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMTE and SPY?
Using weekly returns as of 2026-08-27: -0.00 over 3 years, with 0.13 over the last year and 0.04 over 5 years.
Is SPY a good diversifier for IMTE?
Yes. With a correlation of -0.00, IMTE and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.00 mean?
A reading of -0.00 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: IMTE correlations · SPY correlations
