SDOT vs SPY: Correlation
Sadot Group Inc. (SDOT) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDOT and SPY?
Across a 3-year window, the weekly returns of SDOT and SPY correlate at -0.01, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.12) than the 3-year average (-0.01). Stretching to 5 years gives 0.03, with an annualized covariance of -38.4 %².
Among the 17 assets we track against SDOT, SPY ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 112.0 percentage points (-91.4% for SDOT against +20.6% for SPY). Risk is not evenly split, since SDOT carries 17.2 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.
SDOT vs SPY: side by side
| SDOT (Sadot Group Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -91.4% | +20.6% |
| 5-year return | -99.3% | +82.4% |
| Volatility (ann.) | 250.1% | 14.5% |
| Beta vs S&P 500 | -0.18 | 1.00 |
| Max drawdown (3Y) | -99.9% | -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 | SDOT | SPY |
|---|---|---|
| 2022 | +26.4% | -18.2% |
| 2023 | -55.9% | +26.2% |
| 2024 | -5.5% | +24.9% |
| 2025 | -96.8% | +17.7% |
| 2026 | -33.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDOT and SPY good diversifiers for each other?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SDOT and SPY?
The SDOT/SPY correlation stands at -0.01 on a 3-year window (1 year: -0.12, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for SDOT?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.01 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sdot-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sdot-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SDOT correlations · SPY correlations
