PED vs SPY: Correlation
Pedevco Corp. (PED) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PED and SPY?
Across a 3-year window, the weekly returns of PED and SPY correlate at -0.07, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.07 over 3 years. Stretching to 5 years gives 0.08, with an annualized covariance of -57.8 %².
By 3-year correlation, SPY places #7 of the 22 assets tracked against PED. Over the last 12 months SPY came out ahead by 7.5 percentage points (+13.1% against +20.6%). Risk is not evenly split, since PED carries 3.7 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.
PED vs SPY: side by side
| PED (Pedevco Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +13.1% | +20.6% |
| 5-year return | -39.7% | +82.4% |
| Volatility (ann.) | 54.0% | 14.5% |
| Beta vs S&P 500 | -0.28 | 1.00 |
| Max drawdown (3Y) | -58.3% | -18.8% |
| Market cap | $0.2B | – |
| 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 | PED | SPY |
|---|---|---|
| 2022 | +3.8% | -18.2% |
| 2023 | -30.0% | +26.2% |
| 2024 | +1.0% | +24.9% |
| 2025 | -28.0% | +17.7% |
| 2026 | +19.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PED and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between PED and SPY?
Using weekly returns as of 2026-08-27: -0.07 over 3 years, with -0.44 over the last year and 0.08 over 5 years.
Is SPY a good diversifier for PED?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
What does a correlation of -0.07 mean?
A reading of -0.07 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ped-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ped-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PED correlations · SPY correlations
