JDZG vs SPY: Correlation
JIADE LIMITED - Class A (JDZG) 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 JDZG and SPY?
Across a 3-year window, the weekly returns of JDZG and SPY correlate at 0.01, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.11) than the 3-year average (0.01). Stretching to 5 years gives n/a, with an annualized covariance of 44.0 %².
Among the 25 assets we track against JDZG, SPY ranks #10 by 3-year correlation. The last year tells two different stories: SPY led by 119.9 percentage points, -99.3% for JDZG against +20.6% for SPY. Note the risk asymmetry: JDZG runs 17.4 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.
JDZG vs SPY: side by side
| JDZG (JIADE LIMITED - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -99.3% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 252.5% | 14.5% |
| Beta vs S&P 500 | 0.21 | 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 | JDZG | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | – | +24.9% |
| 2025 | -88.0% | +17.7% |
| 2026 | -98.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JDZG 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 JDZG and SPY?
The JDZG/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 JDZG?
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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Hubs: JDZG correlations · SPY correlations
