LOBO vs SPY: Correlation
LOBO TECHNOLOGIES LTD. - Class A (LOBO) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOBO and SPY?
Across a 3-year window, the weekly returns of LOBO and SPY correlate at 0.07, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.36 versus 0.07 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 115.2 %².
SPY is close to the least connected end of LOBO's tracked universe, ranking #7 of 10. Over the last 12 months LOBO came out ahead by 7.1 percentage points (+27.7% against +20.6%). Note the risk asymmetry: LOBO runs 7.7 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.
LOBO vs SPY: side by side
| LOBO (LOBO TECHNOLOGIES LTD. - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +27.7% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 111.5% | 14.5% |
| Beta vs S&P 500 | 0.55 | 1.00 |
| Max drawdown (3Y) | -92.0% | -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 | LOBO | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | – | +24.9% |
| 2025 | -66.0% | +17.7% |
| 2026 | +5.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOBO and SPY good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOBO and SPY?
The LOBO/SPY correlation stands at 0.07 on a 3-year window (1 year: 0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for LOBO?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 mean?
On the −1 to +1 scale, 0.07 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: LOBO correlations · SPY correlations
