MIRA vs SPY: Correlation
MIRA Pharmaceuticals, Inc. (MIRA) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIRA and SPY?
Across a 3-year window, the weekly returns of MIRA and SPY correlate at -0.01, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.13) runs above the 3-year figure (-0.01). Stretching to 5 years gives n/a, with an annualized covariance of -15.6 %².
Among the 16 assets we track against MIRA, SPY ranks #8 by 3-year correlation. The last year tells two different stories: SPY led by 64.4 percentage points, -43.8% for MIRA against +20.6% for SPY. One caveat on sizing: MIRA is 14.6 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.
MIRA vs SPY: side by side
| MIRA (MIRA Pharmaceuticals, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -43.8% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 211.2% | 14.5% |
| Beta vs S&P 500 | -0.07 | 1.00 |
| Max drawdown (3Y) | -91.5% | -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 | MIRA | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | +8.6% | +24.9% |
| 2025 | +32.5% | +17.7% |
| 2026 | -49.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIRA and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between MIRA and SPY?
As of 2026-08-27, the correlation of weekly returns between MIRA and SPY is -0.01 over 3 years, 0.13 over 1 year and n/a over 5 years.
Is SPY a good diversifier for MIRA?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 mean?
On the −1 to +1 scale, -0.01 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mira-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mira-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MIRA correlations · SPY correlations
