QUIK vs SPY: Correlation
How closely do QuickLogic Corporation (QUIK) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUIK and SPY?
On 3 years of weekly data the QUIK/SPY correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 400.8 %².
Within QUIK's tracked universe of 12 assets, SPY comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QUIK ahead by 87.5 points (+108.1% versus +20.6%). Note the risk asymmetry: QUIK runs 4.6 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.
QUIK vs SPY: side by side
| QUIK (QuickLogic Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +108.1% | +20.6% |
| 5-year return | +89.6% | +82.4% |
| Volatility (ann.) | 66.7% | 14.5% |
| Beta vs S&P 500 | 1.92 | 1.00 |
| Max drawdown (3Y) | -76.9% | -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 | QUIK | SPY |
|---|---|---|
| 2022 | +0.6% | -18.2% |
| 2023 | +169.6% | +26.2% |
| 2024 | -18.5% | +24.9% |
| 2025 | -46.8% | +17.7% |
| 2026 | +88.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUIK and SPY good diversifiers for each other?
Reasonably. At 0.42, QUIK and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QUIK and SPY?
The QUIK/SPY correlation stands at 0.42 on a 3-year window (1 year: 0.46, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for QUIK?
Reasonably. At 0.42, QUIK and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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: QUIK correlations · SPY correlations
