INUV vs SPY: Correlation
How closely do Inuvo, Inc. (INUV) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INUV and SPY?
On 3 years of weekly data the INUV/SPY correlation comes out at 0.23, weak. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 285.8 %².
Among the 10 assets we track against INUV, SPY sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 99.0 points (-78.4% versus +20.6%). One caveat on sizing: INUV is 5.9 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.
INUV vs SPY: side by side
| INUV (Inuvo, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -78.4% | +20.6% |
| 5-year return | -90.0% | +82.4% |
| Volatility (ann.) | 85.4% | 14.5% |
| Beta vs S&P 500 | 1.37 | 1.00 |
| Max drawdown (3Y) | -90.4% | -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 | INUV | SPY |
|---|---|---|
| 2022 | -58.5% | -18.2% |
| 2023 | +95.5% | +26.2% |
| 2024 | +51.2% | +24.9% |
| 2025 | -61.8% | +17.7% |
| 2026 | -70.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INUV and SPY good diversifiers for each other?
Reasonably. At 0.23, INUV and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INUV and SPY?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.21 over the last year and 0.27 over 5 years.
Is SPY a good diversifier for INUV?
Reasonably. At 0.23, INUV and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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: INUV correlations · SPY correlations
