KRUS vs SPY: Correlation
How closely do Kura Sushi USA, Inc. (KRUS) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRUS and SPY?
Over the past 3 years, KRUS and SPY moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.23 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 327.7 %².
Among the 13 assets we track against KRUS, SPY sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 63.5 percentage points (-42.9% for KRUS against +20.6% for SPY). Note the risk asymmetry: KRUS runs 4.8 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.
KRUS vs SPY: side by side
| KRUS (Kura Sushi USA, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -42.9% | +20.6% |
| 5-year return | -8.8% | +82.4% |
| Volatility (ann.) | 69.0% | 14.5% |
| Beta vs S&P 500 | 1.57 | 1.00 |
| Max drawdown (3Y) | -65.4% | -18.8% |
| Market cap | $0.6B | – |
| 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 | KRUS | SPY |
|---|---|---|
| 2022 | -41.0% | -18.2% |
| 2023 | +59.4% | +26.2% |
| 2024 | +19.2% | +24.9% |
| 2025 | -42.2% | +17.7% |
| 2026 | -11.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRUS and SPY good diversifiers for each other?
Reasonably. At 0.33, KRUS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KRUS and SPY?
As of 2026-08-27, the correlation of weekly returns between KRUS and SPY is 0.33 over 3 years, 0.23 over 1 year and 0.36 over 5 years.
Is SPY a good diversifier for KRUS?
Reasonably. At 0.33, KRUS and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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.
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Hubs: KRUS correlations · SPY correlations
