IZM vs SPY: Correlation
ICZOOM Group Inc. - Class A (IZM) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IZM and SPY?
Over the past 3 years, IZM and SPY moved with a correlation of -0.01, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -32.3 %².
Among the 10 assets we track against IZM, SPY sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with SPY ahead by 110.8 points (-90.2% versus +20.6%). Note the risk asymmetry: IZM runs 11.0 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.
IZM vs SPY: side by side
| IZM (ICZOOM Group Inc. - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -90.2% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 159.2% | 14.5% |
| Beta vs S&P 500 | -0.15 | 1.00 |
| Max drawdown (3Y) | -99.5% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 2.5 | – |
| 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 | IZM | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | -83.8% | +24.9% |
| 2025 | +50.3% | +17.7% |
| 2026 | -90.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IZM and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between IZM and SPY?
The IZM/SPY correlation stands at -0.01 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for IZM?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 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: IZM correlations · SPY correlations
