SOWG vs SPY: Correlation
Measured on weekly returns over the past three years, Sow Good Inc. (SOWG) 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 SOWG and SPY?
Across a 3-year window, the weekly returns of SOWG and SPY correlate at 0.17, weak. Recent behaviour matches the longer record: 0.10 over 1 year against 0.17 over 3. Stretching to 5 years gives 0.09, with an annualized covariance of 403.4 %².
Among the 11 assets we track against SOWG, SPY sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 91.1 percentage points (-70.5% for SOWG against +20.6% for SPY). Risk is not evenly split, since SOWG carries 11.3 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.
SOWG vs SPY: side by side
| SOWG (Sow Good Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -70.5% | +20.6% |
| 5-year return | -96.6% | +82.4% |
| Volatility (ann.) | 164.0% | 14.5% |
| Beta vs S&P 500 | 1.93 | 1.00 |
| Max drawdown (3Y) | -99.7% | -18.8% |
| Market cap | $0.1B | – |
| 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 | SOWG | SPY |
|---|---|---|
| 2022 | +11.1% | -18.2% |
| 2023 | +302.0% | +26.2% |
| 2024 | -79.7% | +24.9% |
| 2025 | -83.3% | +17.7% |
| 2026 | -40.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOWG and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between SOWG and SPY?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.10 over the last year and 0.09 over 5 years.
Is SPY a good diversifier for SOWG?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 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: SOWG correlations · SPY correlations
