MRKR vs SPY: Correlation
How closely do Marker Therapeutics, Inc. (MRKR) 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 MRKR and SPY?
Across a 3-year window, the weekly returns of MRKR and SPY correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 400.6 %².
Out of 12 assets tracked against MRKR, SPY lands near the bottom at #8. The last year tells two different stories: MRKR led by 34.7 percentage points, +55.3% for MRKR against +20.6% for SPY. Note the risk asymmetry: MRKR runs 6.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MRKR vs SPY: side by side
| MRKR (Marker Therapeutics, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +55.3% | +20.6% |
| 5-year return | -92.3% | +82.4% |
| Volatility (ann.) | 88.6% | 14.5% |
| Beta vs S&P 500 | 1.92 | 1.00 |
| Max drawdown (3Y) | -86.2% | -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 | MRKR | SPY |
|---|---|---|
| 2022 | -71.6% | -18.2% |
| 2023 | +103.7% | +26.2% |
| 2024 | -43.5% | +24.9% |
| 2025 | -52.1% | +17.7% |
| 2026 | -2.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRKR and SPY good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRKR and SPY?
As of 2026-08-27, the correlation of weekly returns between MRKR and SPY is 0.31 over 3 years, 0.27 over 1 year and 0.19 over 5 years.
Is SPY a good diversifier for MRKR?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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: MRKR correlations · SPY correlations
