SPY vs SXTP: Correlation
Measured on weekly returns over the past three years, SPDR S&P 500 ETF Trust (SPY) and 60 Degrees Pharmaceuticals, Inc. (SXTP) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and SXTP?
Across a 3-year window, the weekly returns of SPY and SXTP correlate at 0.24, weak. The past 12 months show a weaker link (0.13) than the 3-year average (0.24). Stretching to 5 years gives n/a, with an annualized covariance of 440.4 %².
By 3-year correlation, SXTP places #2885 of the 4755 assets tracked against SPY. The last year tells two different stories: SPY led by 99.2 percentage points, +20.6% for SPY against -78.6% for SXTP. Risk is not evenly split, since SXTP carries 8.6 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.
SPY vs SXTP: side by side
| SPY (SPDR S&P 500 ETF Trust) | SXTP (60 Degrees Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -78.6% |
| 5-year return | +82.4% | n/a |
| Volatility (ann.) | 14.5% | 125.4% |
| Beta vs S&P 500 | 1.00 | 2.11 |
| Max drawdown (3Y) | -18.8% | -99.7% |
| Market cap | – | – |
| 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 | SXTP |
|---|---|---|
| 2022 | -18.2% | – |
| 2023 | +26.2% | – |
| 2024 | +24.9% | -89.5% |
| 2025 | +17.7% | -92.1% |
| 2026 | +13.7% | -47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and SXTP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and SXTP?
As of 2026-08-27, the correlation of weekly returns between SPY and SXTP is 0.24 over 3 years, 0.13 over 1 year and n/a over 5 years.
Is SXTP a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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
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Related comparisons
Hubs: SPY correlations · SXTP correlations
