MAMO vs SPY: Correlation
Massimo Group (MAMO) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMO and SPY?
Across a 3-year window, the weekly returns of MAMO and SPY correlate at 0.08, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.07) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 110.0 %².
Within MAMO's tracked universe of 23 assets, SPY comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 86.7 percentage points (-66.1% for MAMO against +20.6% for SPY). Risk is not evenly split, since MAMO carries 6.0 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.
MAMO vs SPY: side by side
| MAMO (Massimo Group) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -66.1% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 87.3% | 14.5% |
| Beta vs S&P 500 | 0.53 | 1.00 |
| Max drawdown (3Y) | -83.6% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 10.0 | – |
| 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 | MAMO | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | – | +24.9% |
| 2025 | +54.9% | +17.7% |
| 2026 | -74.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between MAMO and SPY?
As of 2026-08-27, the correlation of weekly returns between MAMO and SPY is 0.08 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is SPY a good diversifier for MAMO?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
A reading of 0.08 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: MAMO correlations · SPY correlations
