KULR vs SPY: Correlation
Measured on weekly returns over the past three years, KULR Technology Group, Inc. (KULR) 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 KULR and SPY?
On 3 years of weekly data the KULR/SPY correlation comes out at 0.16, weak. The past 12 months show a tighter link (0.52) than the 3-year average (0.16). The 5-year figure is 0.23, and annualized covariance runs at 401.6 %².
Among the 14 assets we track against KULR, SPY sits near the bottom by co-movement, at rank #11. The last year tells two different stories: SPY led by 64.5 percentage points, -43.9% for KULR against +20.6% for SPY. One caveat on sizing: KULR is 11.9 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.
KULR vs SPY: side by side
| KULR (KULR Technology Group, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -43.9% | +20.6% |
| 5-year return | -84.4% | +82.4% |
| Volatility (ann.) | 172.8% | 14.5% |
| Beta vs S&P 500 | 1.92 | 1.00 |
| Max drawdown (3Y) | -94.7% | -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 | KULR | SPY |
|---|---|---|
| 2022 | -56.5% | -18.2% |
| 2023 | -84.2% | +26.2% |
| 2024 | +1768.4% | +24.9% |
| 2025 | -89.6% | +17.7% |
| 2026 | -10.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KULR 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 KULR and SPY?
As of 2026-08-27, the correlation of weekly returns between KULR and SPY is 0.16 over 3 years, 0.52 over 1 year and 0.23 over 5 years.
Is SPY a good diversifier for KULR?
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?
On the −1 to +1 scale, 0.16 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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Related comparisons
Hubs: KULR correlations · SPY correlations
