KPLT vs SPY: Correlation
Katapult Holdings, Inc. (KPLT) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KPLT and SPY?
On 3 years of weekly data the KPLT/SPY correlation comes out at 0.18, weak. The past 12 months show a weaker link (0.02) than the 3-year average (0.18). The 5-year figure is 0.32, and annualized covariance runs at 225.0 %².
By 3-year correlation, SPY places #6 of the 11 assets tracked against KPLT. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 79.6 percentage points (-59.0% for KPLT against +20.6% for SPY). Risk is not evenly split, since KPLT carries 6.0 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.
KPLT vs SPY: side by side
| KPLT (Katapult Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -59.0% | +20.6% |
| 5-year return | -95.6% | +82.4% |
| Volatility (ann.) | 87.1% | 14.5% |
| Beta vs S&P 500 | 1.08 | 1.00 |
| Max drawdown (3Y) | -75.6% | -18.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.1 | – |
| 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 | KPLT | SPY |
|---|---|---|
| 2022 | -71.6% | -18.2% |
| 2023 | -54.5% | +26.2% |
| 2024 | -37.9% | +24.9% |
| 2025 | -4.5% | +17.7% |
| 2026 | -12.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KPLT and SPY good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KPLT and SPY?
As of 2026-08-27, the correlation of weekly returns between KPLT and SPY is 0.18 over 3 years, 0.02 over 1 year and 0.32 over 5 years.
Is SPY a good diversifier for KPLT?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 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/kplt-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kplt-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KPLT correlations · SPY correlations
