KLTR vs SPY: Correlation
How closely do Kaltura, Inc. (KLTR) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLTR and SPY?
On 3 years of weekly data the KLTR/SPY correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.39). The 5-year figure is 0.29, and annualized covariance runs at 390.6 %².
SPY is close to the least connected end of KLTR's tracked universe, ranking #7 of 11. Correlation aside, the last 12 months split them widely, with SPY ahead by 20.0 points (+0.6% versus +20.6%). One caveat on sizing: KLTR is 4.8 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.
KLTR vs SPY: side by side
| KLTR (Kaltura, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +0.6% | +20.6% |
| 5-year return | -86.7% | +82.4% |
| Volatility (ann.) | 69.9% | 14.5% |
| Beta vs S&P 500 | 1.87 | 1.00 |
| Max drawdown (3Y) | -61.2% | -18.8% |
| Market cap | $0.2B | – |
| 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 | KLTR | SPY |
|---|---|---|
| 2022 | -49.0% | -18.2% |
| 2023 | +13.4% | +26.2% |
| 2024 | +12.8% | +24.9% |
| 2025 | -25.5% | +17.7% |
| 2026 | -2.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLTR and SPY good diversifiers for each other?
Reasonably. At 0.39, KLTR and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KLTR and SPY?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.23 over the last year and 0.29 over 5 years.
Is SPY a good diversifier for KLTR?
Reasonably. At 0.39, KLTR and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KLTR correlations · SPY correlations
