JYNT vs SPY: Correlation
How closely do The Joint Corp. (JYNT) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JYNT and SPY?
Over the past 3 years, JYNT and SPY moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 205.0 %².
Out of 12 assets tracked against JYNT, SPY lands near the bottom at #8. The last year tells two different stories: SPY led by 42.0 percentage points, -21.4% for JYNT against +20.6% for SPY. Risk is not evenly split, since JYNT carries 2.9 times the volatility of the other side.
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.
JYNT vs SPY: side by side
| JYNT (The Joint Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -21.4% | +20.6% |
| 5-year return | -91.8% | +82.4% |
| Volatility (ann.) | 41.9% | 14.5% |
| Beta vs S&P 500 | 0.98 | 1.00 |
| Max drawdown (3Y) | -56.6% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 60.1 | – |
| 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 | JYNT | SPY |
|---|---|---|
| 2022 | -78.7% | -18.2% |
| 2023 | -31.3% | +26.2% |
| 2024 | +10.6% | +24.9% |
| 2025 | -18.0% | +17.7% |
| 2026 | -3.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JYNT and SPY good diversifiers for each other?
Reasonably. At 0.34, JYNT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JYNT and SPY?
As of 2026-08-27, the correlation of weekly returns between JYNT and SPY is 0.34 over 3 years, 0.34 over 1 year and 0.42 over 5 years.
Is SPY a good diversifier for JYNT?
Reasonably. At 0.34, JYNT and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jynt-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jynt-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JYNT correlations · SPY correlations
