SOBR vs SPY: Correlation
Measured on weekly returns over the past three years, SOBR Safe, Inc. (SOBR) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOBR and SPY?
Over the past 3 years, SOBR and SPY moved with a correlation of 0.15, which is weak. Little has changed lately, as the 1-year reading of 0.10 lands near the 3-year figure. Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is 345.3 %².
SPY is close to the least connected end of SOBR's tracked universe, ranking #6 of 10. Correlation aside, the last 12 months split them widely, with SPY ahead by 106.7 points (-86.1% versus +20.6%). Risk is not evenly split, since SOBR carries 11.0 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.
SOBR vs SPY: side by side
| SOBR (SOBR Safe, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -86.1% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 159.6% | 14.5% |
| Beta vs S&P 500 | 1.65 | 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 | SOBR | SPY |
|---|---|---|
| 2022 | -89.3% | -18.2% |
| 2023 | -52.5% | +26.2% |
| 2024 | -97.7% | +24.9% |
| 2025 | -81.6% | +17.7% |
| 2026 | -77.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOBR and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between SOBR and SPY?
The SOBR/SPY correlation stands at 0.15 on a 3-year window (1 year: 0.10, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for SOBR?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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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Related comparisons
Hubs: SOBR correlations · SPY correlations
