SBFM vs SPY: Correlation
How closely do Sunshine Biopharma Inc. (SBFM) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBFM and SPY?
On 3 years of weekly data the SBFM/SPY correlation comes out at 0.16, weak. Little has changed lately, as the 1-year reading of 0.11 lands near the 3-year figure. The 5-year figure is 0.08, and annualized covariance runs at 292.3 %².
Among the 11 assets we track against SBFM, SPY sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with SPY ahead by 112.0 points (-91.4% versus +20.6%). One caveat on sizing: SBFM is 8.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SBFM vs SPY: side by side
| SBFM (Sunshine Biopharma Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -91.4% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 123.8% | 14.5% |
| Beta vs S&P 500 | 1.40 | 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 | SBFM | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -57.5% | +26.2% |
| 2024 | -99.4% | +24.9% |
| 2025 | -59.0% | +17.7% |
| 2026 | -89.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBFM and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between SBFM and SPY?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.11 over the last year and 0.08 over 5 years.
Is SPY a good diversifier for SBFM?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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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Hubs: SBFM correlations · SPY correlations
