JTAI vs SPY: Correlation
Jet.AI Inc. (JTAI) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JTAI and SPY?
On 3 years of weekly data the JTAI/SPY correlation comes out at 0.03, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.11) than the 3-year average (0.03). The 5-year figure is 0.02, and annualized covariance runs at 114.6 %².
Within JTAI'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 SPY ahead by 118.2 points (-97.6% versus +20.6%). Note the risk asymmetry: JTAI runs 16.1 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.
JTAI vs SPY: side by side
| JTAI (Jet.AI Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -97.6% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 233.8% | 14.5% |
| Beta vs S&P 500 | 0.55 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | JTAI | SPY |
|---|---|---|
| 2022 | +5.6% | -18.2% |
| 2023 | -86.2% | +26.2% |
| 2024 | -98.6% | +24.9% |
| 2025 | -87.1% | +17.7% |
| 2026 | -85.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JTAI and SPY good diversifiers for each other?
Yes. With a correlation of 0.03, JTAI and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JTAI and SPY?
The JTAI/SPY correlation stands at 0.03 on a 3-year window (1 year: -0.11, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for JTAI?
Yes. With a correlation of 0.03, JTAI and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jtai-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jtai-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JTAI correlations · SPY correlations
