RZLV vs SPY: Correlation
Rezolve AI PLC (RZLV) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RZLV and SPY?
Over the past 3 years, RZLV and SPY moved with a correlation of 0.18, which is weak. The link has tightened recently: the 1-year correlation (0.36) runs above the 3-year figure (0.18). Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 284.5 %².
By 3-year correlation, SPY places #8 of the 13 assets tracked against RZLV. Correlation aside, the last 12 months split them widely, with SPY ahead by 26.1 points (-5.5% versus +20.6%). Note the risk asymmetry: RZLV runs 7.5 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.
RZLV vs SPY: side by side
| RZLV (Rezolve AI PLC) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -5.5% | +20.6% |
| 5-year return | -69.8% | +82.4% |
| Volatility (ann.) | 109.1% | 14.5% |
| Beta vs S&P 500 | 1.36 | 1.00 |
| Max drawdown (3Y) | -91.8% | -18.8% |
| Market cap | $1.2B | – |
| 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 | RZLV | SPY |
|---|---|---|
| 2022 | +3.4% | -18.2% |
| 2023 | +6.4% | +26.2% |
| 2024 | -64.5% | +24.9% |
| 2025 | -32.7% | +17.7% |
| 2026 | +14.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RZLV and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between RZLV and SPY?
The RZLV/SPY correlation stands at 0.18 on a 3-year window (1 year: 0.36, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for RZLV?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
A reading of 0.18 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: RZLV correlations · SPY correlations
