KUST vs SPY: Correlation
How closely do Kustom Entertainment, Inc. (KUST) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KUST and SPY?
Over the past 3 years, KUST and SPY moved with a correlation of 0.20, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.20 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 364.8 %².
Among the 10 assets we track against KUST, SPY sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with SPY ahead by 117.2 points (-96.6% versus +20.6%). Note the risk asymmetry: KUST runs 8.6 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.
KUST vs SPY: side by side
| KUST (Kustom Entertainment, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -96.6% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 124.3% | 14.5% |
| Beta vs S&P 500 | 1.75 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | – |
| 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 | KUST | SPY |
|---|---|---|
| 2022 | -78.5% | -18.2% |
| 2023 | -53.9% | +26.2% |
| 2024 | -75.0% | +24.9% |
| 2025 | -99.9% | +17.7% |
| 2026 | -89.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KUST and SPY good diversifiers for each other?
Reasonably. At 0.20, KUST and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KUST and SPY?
The KUST/SPY correlation stands at 0.20 on a 3-year window (1 year: 0.52, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for KUST?
Reasonably. At 0.20, KUST and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KUST correlations · SPY correlations
