SPCB vs SPY: Correlation
How closely do SuperCom, Ltd. (SPCB) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPCB and SPY?
Across a 3-year window, the weekly returns of SPCB and SPY correlate at 0.14, weak. The past 12 months show a tighter link (0.44) than the 3-year average (0.14). Stretching to 5 years gives 0.19, with an annualized covariance of 249.1 %².
Out of 14 assets tracked against SPCB, SPY lands near the bottom at #10. The trailing year gives SPY the advantage: +12.1% versus +20.6%, a 8.5-point spread. Risk is not evenly split, since SPCB carries 8.2 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.
SPCB vs SPY: side by side
| SPCB (SuperCom, Ltd.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +12.1% | +20.6% |
| 5-year return | -95.6% | +82.4% |
| Volatility (ann.) | 119.2% | 14.5% |
| Beta vs S&P 500 | 1.19 | 1.00 |
| Max drawdown (3Y) | -84.7% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.4 | – |
| 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 | SPCB | SPY |
|---|---|---|
| 2022 | -68.2% | -18.2% |
| 2023 | -78.1% | +26.2% |
| 2024 | -38.2% | +24.9% |
| 2025 | +87.8% | +17.7% |
| 2026 | +12.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPCB and SPY good diversifiers for each other?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPCB and SPY?
As of 2026-08-27, the correlation of weekly returns between SPCB and SPY is 0.14 over 3 years, 0.44 over 1 year and 0.19 over 5 years.
Is SPY a good diversifier for SPCB?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.14 mean?
A reading of 0.14 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: SPCB correlations · SPY correlations
