SPY vs TAOX: Correlation
SPDR S&P 500 ETF Trust (SPY) and Tao Synergies Inc. (TAOX) 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 SPY and TAOX?
Across a 3-year window, the weekly returns of SPY and TAOX correlate at 0.28, weak. The past 12 months show a weaker link (0.14) than the 3-year average (0.28). Stretching to 5 years gives 0.31, with an annualized covariance of 372.7 %².
By 3-year correlation, TAOX places #2483 of the 4755 assets tracked against SPY. The last year tells two different stories: SPY led by 58.8 percentage points, +20.6% for SPY against -38.2% for TAOX. Note the risk asymmetry: TAOX runs 6.4 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 TAOX: side by side
| SPY (SPDR S&P 500 ETF Trust) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -38.2% |
| 5-year return | +82.4% | -97.5% |
| Volatility (ann.) | 14.5% | 92.9% |
| Beta vs S&P 500 | 1.00 | 1.78 |
| Max drawdown (3Y) | -18.8% | -84.6% |
| Market cap | – | – |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 1.01% | 0.00% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
SPY, State Street Investment Management's Large Blend fund, carries $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | TAOX |
|---|---|---|
| 2022 | -18.2% | -86.4% |
| 2023 | +26.2% | -76.6% |
| 2024 | +24.9% | -49.0% |
| 2025 | +17.7% | +6.1% |
| 2026 | +13.7% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TAOX good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SPY and TAOX?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.14 over the last year and 0.31 over 5 years.
Is TAOX a good diversifier for SPY?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-taox.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/spy-vs-taox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · TAOX correlations
