KURA vs SPY: Correlation
Kura Oncology, Inc. (KURA) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KURA and SPY?
Across a 3-year window, the weekly returns of KURA and SPY correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.33, with an annualized covariance of 337.0 %².
Among the 20 assets we track against KURA, SPY ranks #10 by 3-year correlation. The last year tells two different stories: KURA led by 47.1 percentage points, +67.7% for KURA against +20.6% for SPY. One caveat on sizing: KURA is 4.1 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.
KURA vs SPY: side by side
| KURA (Kura Oncology, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +67.7% | +20.6% |
| 5-year return | -30.6% | +82.4% |
| Volatility (ann.) | 59.8% | 14.5% |
| Beta vs S&P 500 | 1.61 | 1.00 |
| Max drawdown (3Y) | -76.5% | -18.8% |
| Market cap | $1.2B | – |
| 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 | KURA | SPY |
|---|---|---|
| 2022 | -11.4% | -18.2% |
| 2023 | +15.9% | +26.2% |
| 2024 | -39.4% | +24.9% |
| 2025 | +19.3% | +17.7% |
| 2026 | +26.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KURA and SPY good diversifiers for each other?
Reasonably. At 0.39, KURA and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KURA and SPY?
As of 2026-08-27, the correlation of weekly returns between KURA and SPY is 0.39 over 3 years, 0.29 over 1 year and 0.33 over 5 years.
Is SPY a good diversifier for KURA?
Reasonably. At 0.39, KURA and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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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Related comparisons
Hubs: KURA correlations · SPY correlations
