KINS vs SPY: Correlation
Measured on weekly returns over the past three years, Kingstone Companies, Inc (KINS) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KINS and SPY?
On 3 years of weekly data the KINS/SPY correlation comes out at 0.15, weak. The link has tightened recently: the 1-year correlation (0.26) runs above the 3-year figure (0.15). The 5-year figure is 0.13, and annualized covariance runs at 147.9 %².
Among the 11 assets we track against KINS, SPY sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months KINS outperformed by 32.5 percentage points (+53.1% for KINS against +20.6% for SPY). Risk is not evenly split, since KINS carries 4.8 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.
KINS vs SPY: side by side
| KINS (Kingstone Companies, Inc) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +53.1% | +20.6% |
| 5-year return | +201.6% | +82.4% |
| Volatility (ann.) | 69.2% | 14.5% |
| Beta vs S&P 500 | 0.71 | 1.00 |
| Max drawdown (3Y) | -38.8% | -18.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 8.2 | – |
| Dividend yield | 0.99% | 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 | KINS | SPY |
|---|---|---|
| 2022 | -72.3% | -18.2% |
| 2023 | +57.8% | +26.2% |
| 2024 | +613.1% | +24.9% |
| 2025 | +11.5% | +17.7% |
| 2026 | +20.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KINS and SPY good diversifiers for each other?
Yes. With a correlation of 0.15, KINS and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KINS and SPY?
As of 2026-08-27, the correlation of weekly returns between KINS and SPY is 0.15 over 3 years, 0.26 over 1 year and 0.13 over 5 years.
Is SPY a good diversifier for KINS?
Yes. With a correlation of 0.15, KINS and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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.
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Related comparisons
Hubs: KINS correlations · SPY correlations
