SGLY vs SPY: Correlation
Measured on weekly returns over the past three years, Singularity Future Technology Ltd. (SGLY) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SGLY and SPY?
Over the past 3 years, SGLY and SPY moved with a correlation of 0.17, which is weak. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.17). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 350.2 %².
Within SGLY's tracked universe of 11 assets, SPY comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 107.5 percentage points (-86.9% for SGLY against +20.6% for SPY). Note the risk asymmetry: SGLY runs 10.1 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.
SGLY vs SPY: side by side
| SGLY (Singularity Future Technology Ltd.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -86.9% | +20.6% |
| 5-year return | -99.5% | +82.4% |
| Volatility (ann.) | 146.7% | 14.5% |
| Beta vs S&P 500 | 1.68 | 1.00 |
| Max drawdown (3Y) | -98.0% | -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 | SGLY | SPY |
|---|---|---|
| 2022 | -91.2% | -18.2% |
| 2023 | +28.6% | +26.2% |
| 2024 | -70.0% | +24.9% |
| 2025 | -60.5% | +17.7% |
| 2026 | -77.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SGLY and SPY good diversifiers for each other?
Yes. With a correlation of 0.17, SGLY and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SGLY and SPY?
The SGLY/SPY correlation stands at 0.17 on a 3-year window (1 year: 0.41, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for SGLY?
Yes. With a correlation of 0.17, SGLY and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 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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