QUCY vs SPY: Correlation
Measured on weekly returns over the past three years, Quantum Cyber N.V. (QUCY) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.03, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUCY and SPY?
On 3 years of weekly data the QUCY/SPY correlation comes out at 0.03, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.03) sits close to the 3-year figure. The 5-year figure is 0.03, and annualized covariance runs at 786.4 %².
Within QUCY's tracked universe of 30 assets, SPY comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 29.9 percentage points (-9.3% for QUCY against +20.6% for SPY). Note the risk asymmetry: QUCY runs 127.0 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.
QUCY vs SPY: side by side
| QUCY (Quantum Cyber N.V.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -9.3% | +20.6% |
| 5-year return | -94.4% | +82.4% |
| Volatility (ann.) | 1840.9% | 14.5% |
| Beta vs S&P 500 | 3.76 | 1.00 |
| Max drawdown (3Y) | -95.9% | -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 | QUCY | SPY |
|---|---|---|
| 2022 | -31.7% | -18.2% |
| 2023 | -83.7% | +26.2% |
| 2024 | +272.4% | +24.9% |
| 2025 | -74.1% | +17.7% |
| 2026 | +31.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUCY and SPY good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QUCY and SPY?
As of 2026-08-27, the correlation of weekly returns between QUCY and SPY is 0.03 over 3 years, 0.03 over 1 year and 0.03 over 5 years.
Is SPY a good diversifier for QUCY?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
A reading of 0.03 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: QUCY correlations · SPY correlations
