JAKK vs SPY: Correlation
Measured on weekly returns over the past three years, JAKKS Pacific, Inc. (JAKK) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAKK and SPY?
On 3 years of weekly data the JAKK/SPY correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 249.9 %².
Within JAKK'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 JAKK ahead by 28.3 points (+48.9% versus +20.6%). Note the risk asymmetry: JAKK runs 3.8 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.
JAKK vs SPY: side by side
| JAKK (JAKKS Pacific, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +48.9% | +20.6% |
| 5-year return | +96.2% | +82.4% |
| Volatility (ann.) | 54.5% | 14.5% |
| Beta vs S&P 500 | 1.20 | 1.00 |
| Max drawdown (3Y) | -57.3% | -18.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 18.2 | – |
| Dividend yield | 3.90% | 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 | JAKK | SPY |
|---|---|---|
| 2022 | +72.1% | -18.2% |
| 2023 | +103.3% | +26.2% |
| 2024 | -20.8% | +24.9% |
| 2025 | -36.9% | +17.7% |
| 2026 | +55.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAKK and SPY good diversifiers for each other?
Reasonably. At 0.32, JAKK and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JAKK and SPY?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.24 over the last year and 0.34 over 5 years.
Is SPY a good diversifier for JAKK?
Reasonably. At 0.32, JAKK and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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: JAKK correlations · SPY correlations
