LFT vs SPY: Correlation
How closely do Lument Finance Trust, Inc. (LFT) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFT and SPY?
Across a 3-year window, the weekly returns of LFT and SPY correlate at 0.18, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 85.9 %².
SPY is close to the least connected end of LFT's tracked universe, ranking #6 of 10. Correlation aside, the last 12 months split them widely, with SPY ahead by 83.6 points (-63.0% versus +20.6%). One caveat on sizing: LFT is 2.3 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.
LFT vs SPY: side by side
| LFT (Lument Finance Trust, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -63.0% | +20.6% |
| 5-year return | -67.7% | +82.4% |
| Volatility (ann.) | 32.8% | 14.5% |
| Beta vs S&P 500 | 0.41 | 1.00 |
| Max drawdown (3Y) | -75.1% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 21.82% | 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 | LFT | SPY |
|---|---|---|
| 2022 | -45.1% | -18.2% |
| 2023 | +38.6% | +26.2% |
| 2024 | +29.4% | +24.9% |
| 2025 | -39.3% | +17.7% |
| 2026 | -44.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFT and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between LFT and SPY?
As of 2026-08-27, the correlation of weekly returns between LFT and SPY is 0.18 over 3 years, 0.27 over 1 year and 0.24 over 5 years.
Is SPY a good diversifier for LFT?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
A reading of 0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lft-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lft-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LFT correlations · SPY correlations
