LPA vs SPY: Correlation
Logistic Properties of the Americas (LPA) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPA and SPY?
Across a 3-year window, the weekly returns of LPA and SPY correlate at -0.02, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.02 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -152.3 %².
Within LPA's tracked universe of 21 assets, SPY comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 72.9 points (-52.3% versus +20.6%). Risk is not evenly split, since LPA carries 37.3 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.
LPA vs SPY: side by side
| LPA (Logistic Properties of the Americas) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -52.3% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 540.6% | 14.5% |
| Beta vs S&P 500 | -0.73 | 1.00 |
| Max drawdown (3Y) | -99.1% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.7 | – |
| 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 | LPA | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | – | +24.9% |
| 2025 | -74.5% | +17.7% |
| 2026 | +12.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPA and SPY good diversifiers for each other?
Yes: at -0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LPA and SPY?
The LPA/SPY correlation stands at -0.02 on a 3-year window (1 year: -0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for LPA?
Yes: at -0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.02 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: LPA correlations · SPY correlations
