KITT vs SPY: Correlation
Measured on weekly returns over the past three years, Nauticus Robotics, Inc. (KITT) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KITT and SPY?
On 3 years of weekly data the KITT/SPY correlation comes out at 0.16, weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.16 over 3. The 5-year figure is 0.08, and annualized covariance runs at 312.6 %².
Among the 14 assets we track against KITT, SPY sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 119.5 percentage points (-98.9% for KITT against +20.6% for SPY). One caveat on sizing: KITT is 9.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KITT vs SPY: side by side
| KITT (Nauticus Robotics, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -98.9% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 133.4% | 14.5% |
| Beta vs S&P 500 | 1.50 | 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 | KITT | SPY |
|---|---|---|
| 2022 | -62.4% | -18.2% |
| 2023 | -81.9% | +26.2% |
| 2024 | -93.6% | +24.9% |
| 2025 | -94.5% | +17.7% |
| 2026 | -87.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KITT and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between KITT and SPY?
As of 2026-08-27, the correlation of weekly returns between KITT and SPY is 0.16 over 3 years, 0.22 over 1 year and 0.08 over 5 years.
Is SPY a good diversifier for KITT?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kitt-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kitt-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KITT correlations · SPY correlations
