SNGX vs SPY: Correlation
Soligenix, Inc. (SNGX) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNGX and SPY?
Over the past 3 years, SNGX and SPY moved with a correlation of 0.04, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.13 lands near the 3-year figure. Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 105.3 %².
Within SNGX's tracked universe of 14 assets, SPY comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 107.9 points (-87.3% versus +20.6%). Risk is not evenly split, since SNGX carries 14.2 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.
SNGX vs SPY: side by side
| SNGX (Soligenix, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -87.3% | +20.6% |
| 5-year return | -99.8% | +82.4% |
| Volatility (ann.) | 205.9% | 14.5% |
| Beta vs S&P 500 | 0.50 | 1.00 |
| Max drawdown (3Y) | -98.2% | -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 | SNGX | SPY |
|---|---|---|
| 2022 | -31.8% | -18.2% |
| 2023 | -88.7% | +26.2% |
| 2024 | -77.8% | +24.9% |
| 2025 | -50.4% | +17.7% |
| 2026 | -71.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNGX and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between SNGX and SPY?
As of 2026-08-27, the correlation of weekly returns between SNGX and SPY is 0.04 over 3 years, 0.13 over 1 year and 0.06 over 5 years.
Is SPY a good diversifier for SNGX?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 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.
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Related comparisons
Hubs: SNGX correlations · SPY correlations
