NUAI vs SPY: Correlation
How closely do New Era Energy & Digital, Inc. (NUAI) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUAI and SPY?
Over the past 3 years, NUAI and SPY moved with a correlation of 0.12, which is weak. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 306.5 %².
Among the 14 assets we track against NUAI, SPY sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with NUAI ahead by 905.4 points (+926.0% versus +20.6%). Risk is not evenly split, since NUAI carries 12.4 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.
NUAI vs SPY: side by side
| NUAI (New Era Energy & Digital, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +926.0% | +20.6% |
| 5-year return | -47.8% | +82.4% |
| Volatility (ann.) | 179.9% | 14.5% |
| Beta vs S&P 500 | 1.47 | 1.00 |
| Max drawdown (3Y) | -97.2% | -18.8% |
| Market cap | $0.5B | – |
| 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 | NUAI | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | +5.1% | +26.2% |
| 2024 | -43.6% | +24.9% |
| 2025 | -51.2% | +17.7% |
| 2026 | +75.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUAI and SPY good diversifiers for each other?
Yes. With a correlation of 0.12, NUAI and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NUAI and SPY?
The NUAI/SPY correlation stands at 0.12 on a 3-year window (1 year: 0.05, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for NUAI?
Yes. With a correlation of 0.12, NUAI and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
A reading of 0.12 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: NUAI correlations · SPY correlations
