KRMD vs SPY: Correlation
KORU Medical Systems, Inc. (KRMD) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRMD and SPY?
Across a 3-year window, the weekly returns of KRMD and SPY correlate at 0.24, weak. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.24 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 167.7 %².
Among the 10 assets we track against KRMD, SPY sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 45.3 points (-24.7% versus +20.6%). Note the risk asymmetry: KRMD runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KRMD vs SPY: side by side
| KRMD (KORU Medical Systems, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -24.7% | +20.6% |
| 5-year return | -0.3% | +82.4% |
| Volatility (ann.) | 48.9% | 14.5% |
| Beta vs S&P 500 | 0.80 | 1.00 |
| Max drawdown (3Y) | -58.0% | -18.8% |
| Market cap | $0.1B | – |
| 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 | KRMD | SPY |
|---|---|---|
| 2022 | +19.0% | -18.2% |
| 2023 | -31.2% | +26.2% |
| 2024 | +56.8% | +24.9% |
| 2025 | +50.9% | +17.7% |
| 2026 | -44.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRMD and SPY good diversifiers for each other?
Reasonably. At 0.24, KRMD and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KRMD and SPY?
The KRMD/SPY correlation stands at 0.24 on a 3-year window (1 year: 0.09, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for KRMD?
Reasonably. At 0.24, KRMD and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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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Hubs: KRMD correlations · SPY correlations
