MLGO vs SPY: Correlation
How closely do MicroAlgo, Inc. (MLGO) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of -0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLGO and SPY?
Across a 3-year window, the weekly returns of MLGO and SPY correlate at -0.08, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (-0.08). Stretching to 5 years gives -0.04, with an annualized covariance of -578.7 %².
Among the 33 assets we track against MLGO, SPY ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 73.5 points (-52.9% versus +20.6%). Risk is not evenly split, since MLGO carries 33.8 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.
MLGO vs SPY: side by side
| MLGO (MicroAlgo, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -52.9% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 489.7% | 14.5% |
| Beta vs S&P 500 | -2.77 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | 1.9 | – |
| 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 | MLGO | SPY |
|---|---|---|
| 2022 | -87.6% | -18.2% |
| 2023 | -27.0% | +26.2% |
| 2024 | -97.9% | +24.9% |
| 2025 | -96.1% | +17.7% |
| 2026 | -6.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLGO and SPY good diversifiers for each other?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MLGO and SPY?
As of 2026-08-27, the correlation of weekly returns between MLGO and SPY is -0.08 over 3 years, 0.47 over 1 year and -0.04 over 5 years.
Is SPY a good diversifier for MLGO?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
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: MLGO correlations · SPY correlations
