OCG vs SPY: Correlation
How closely do Oriental Culture Holding LTD (OCG) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCG and SPY?
On 3 years of weekly data the OCG/SPY correlation comes out at 0.03, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.14) than the 3-year average (0.03). The 5-year figure is 0.06, and annualized covariance runs at 66.4 %².
Within OCG's tracked universe of 20 assets, SPY comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 120.5 percentage points (-99.9% for OCG against +20.6% for SPY). Risk is not evenly split, since OCG carries 10.3 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.
OCG vs SPY: side by side
| OCG (Oriental Culture Holding LTD) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -99.9% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 149.7% | 14.5% |
| Beta vs S&P 500 | 0.32 | 1.00 |
| Max drawdown (3Y) | -100.0% | -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 | OCG | SPY |
|---|---|---|
| 2022 | -90.2% | -18.2% |
| 2023 | -42.9% | +26.2% |
| 2024 | -14.0% | +24.9% |
| 2025 | -92.4% | +17.7% |
| 2026 | -97.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCG and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between OCG and SPY?
As of 2026-08-27, the correlation of weekly returns between OCG and SPY is 0.03 over 3 years, 0.14 over 1 year and 0.06 over 5 years.
Is SPY a good diversifier for OCG?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 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: OCG correlations · SPY correlations
