LASE vs SPY: Correlation
How closely do Laser Photonics Corporation (LASE) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.00, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LASE and SPY?
On 3 years of weekly data the LASE/SPY correlation comes out at 0.00, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.06 over 1 year against 0.00 over 3. The 5-year figure is 0.00, and annualized covariance runs at 7.6 %².
Among the 14 assets we track against LASE, SPY ranks #8 by 3-year correlation. The last year tells two different stories: SPY led by 85.5 percentage points, -64.9% for LASE against +20.6% for SPY. Risk is not evenly split, since LASE carries 14.6 times the volatility of the other side.
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.
LASE vs SPY: side by side
| LASE (Laser Photonics Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -64.9% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 212.3% | 14.5% |
| Beta vs S&P 500 | 0.04 | 1.00 |
| Max drawdown (3Y) | -96.8% | -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 | LASE | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -42.2% | +26.2% |
| 2024 | +389.8% | +24.9% |
| 2025 | -57.3% | +17.7% |
| 2026 | -35.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LASE and SPY good diversifiers for each other?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LASE and SPY?
As of 2026-08-27, the correlation of weekly returns between LASE and SPY is 0.00 over 3 years, -0.06 over 1 year and 0.00 over 5 years.
Is SPY a good diversifier for LASE?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.00 mean?
A reading of 0.00 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: LASE correlations · SPY correlations
