SOPH vs SPY: Correlation
SOPHiA GENETICS SA (SOPH) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOPH and SPY?
On 3 years of weekly data the SOPH/SPY correlation comes out at 0.28, weak. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 241.6 %².
SPY is close to the least connected end of SOPH's tracked universe, ranking #7 of 11. Correlation aside, the last 12 months split them widely, with SOPH ahead by 147.3 points (+167.9% versus +20.6%). Risk is not evenly split, since SOPH carries 4.1 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.
SOPH vs SPY: side by side
| SOPH (SOPHiA GENETICS SA) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +167.9% | +20.6% |
| 5-year return | -54.1% | +82.4% |
| Volatility (ann.) | 60.0% | 14.5% |
| Beta vs S&P 500 | 1.16 | 1.00 |
| Max drawdown (3Y) | -52.7% | -18.8% |
| Market cap | $0.8B | – |
| 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 | SOPH | SPY |
|---|---|---|
| 2022 | -85.4% | -18.2% |
| 2023 | +128.6% | +26.2% |
| 2024 | -34.8% | +24.9% |
| 2025 | +52.1% | +17.7% |
| 2026 | +91.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOPH and SPY good diversifiers for each other?
Reasonably. At 0.28, SOPH and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SOPH and SPY?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.27 over the last year and 0.32 over 5 years.
Is SPY a good diversifier for SOPH?
Reasonably. At 0.28, SOPH and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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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Related comparisons
Hubs: SOPH correlations · SPY correlations
