LUCK vs SPY: Correlation
How closely do Lucky Strike Entertainment Corporation (LUCK) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCK and SPY?
On 3 years of weekly data the LUCK/SPY correlation comes out at 0.31, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.31). The 5-year figure is 0.24, and annualized covariance runs at 232.3 %².
By 3-year correlation, SPY places #6 of the 11 assets tracked against LUCK. Correlation aside, the last 12 months split them widely, with SPY ahead by 60.3 points (-39.7% versus +20.6%). One caveat on sizing: LUCK is 3.6 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.
LUCK vs SPY: side by side
| LUCK (Lucky Strike Entertainment Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -39.7% | +20.6% |
| 5-year return | -32.9% | +82.4% |
| Volatility (ann.) | 52.2% | 14.5% |
| Beta vs S&P 500 | 1.11 | 1.00 |
| Max drawdown (3Y) | -55.8% | -18.8% |
| Market cap | $0.9B | – |
| 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 | LUCK | SPY |
|---|---|---|
| 2022 | +49.4% | -18.2% |
| 2023 | +5.0% | +26.2% |
| 2024 | -28.0% | +24.9% |
| 2025 | -13.2% | +17.7% |
| 2026 | -25.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCK and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LUCK and SPY?
As of 2026-08-27, the correlation of weekly returns between LUCK and SPY is 0.31 over 3 years, 0.18 over 1 year and 0.24 over 5 years.
Is SPY a good diversifier for LUCK?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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: LUCK correlations · SPY correlations
