MYPS vs SPY: Correlation
PLAYSTUDIOS, Inc. (MYPS) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYPS and SPY?
Across a 3-year window, the weekly returns of MYPS and SPY correlate at 0.31, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.31 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 258.9 %².
Out of 10 assets tracked against MYPS, SPY lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 70.6 points (-50.0% versus +20.6%). Risk is not evenly split, since MYPS carries 4.0 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.
MYPS vs SPY: side by side
| MYPS (PLAYSTUDIOS, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -50.0% | +20.6% |
| 5-year return | -90.2% | +82.4% |
| Volatility (ann.) | 58.2% | 14.5% |
| Beta vs S&P 500 | 1.24 | 1.00 |
| Max drawdown (3Y) | -88.8% | -18.8% |
| Market cap | $0.1B | – |
| 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 | MYPS | SPY |
|---|---|---|
| 2022 | -1.8% | -18.2% |
| 2023 | -30.2% | +26.2% |
| 2024 | -31.4% | +24.9% |
| 2025 | -64.9% | +17.7% |
| 2026 | -22.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYPS 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 MYPS and SPY?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.32 over the last year and 0.28 over 5 years.
Is SPY a good diversifier for MYPS?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MYPS correlations · SPY correlations
