SPY vs STKS: Correlation
SPDR S&P 500 ETF Trust (SPY) and The ONE Group Hospitality, Inc. (STKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and STKS?
Across a 3-year window, the weekly returns of SPY and STKS correlate at 0.30, moderate. Recent behaviour matches the longer record: 0.20 over 1 year against 0.30 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 271.6 %².
By 3-year correlation, STKS places #2242 of the 4755 assets tracked against SPY. The last year tells two different stories: SPY led by 62.8 percentage points, +20.6% for SPY against -42.2% for STKS. Note the risk asymmetry: STKS runs 4.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SPY vs STKS: side by side
| SPY (SPDR S&P 500 ETF Trust) | STKS (The ONE Group Hospitality, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -42.2% |
| 5-year return | +82.4% | -85.0% |
| Volatility (ann.) | 14.5% | 63.5% |
| Beta vs S&P 500 | 1.00 | 1.30 |
| Max drawdown (3Y) | -18.8% | -76.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, SPY sits in the Large Blend category at State Street Investment Management, with $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | STKS |
|---|---|---|
| 2022 | -18.2% | -50.0% |
| 2023 | +26.2% | -2.9% |
| 2024 | +24.9% | -52.6% |
| 2025 | +17.7% | -39.7% |
| 2026 | +13.7% | -5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and STKS good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and STKS?
As of 2026-08-27, the correlation of weekly returns between SPY and STKS is 0.30 over 3 years, 0.20 over 1 year and 0.39 over 5 years.
Is STKS a good diversifier for SPY?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-stks.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-stks/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · STKS correlations
