SPY vs TELO: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and Telomir Pharmaceuticals, Inc. (TELO) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TELO?
Across a 3-year window, the weekly returns of SPY and TELO correlate at 0.15, weak. The link has tightened recently: the 1-year correlation (0.27) runs above the 3-year figure (0.15). Stretching to 5 years gives n/a, with an annualized covariance of 255.3 %².
Among the 4755 assets we track against SPY, TELO ranks #3741 by 3-year correlation. The last year tells two different stories: SPY led by 40.2 percentage points, +20.6% for SPY against -19.6% for TELO. Risk is not evenly split, since TELO 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.
SPY vs TELO: side by side
| SPY (SPDR S&P 500 ETF Trust) | TELO (Telomir Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -19.6% |
| 5-year return | +82.4% | n/a |
| Volatility (ann.) | 14.5% | 119.3% |
| Beta vs S&P 500 | 1.00 | 1.22 |
| Max drawdown (3Y) | -18.8% | -92.3% |
| 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 |
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 | SPY | TELO |
|---|---|---|
| 2022 | -18.2% | – |
| 2023 | +26.2% | – |
| 2024 | +24.9% | – |
| 2025 | +17.7% | -67.7% |
| 2026 | +13.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TELO good diversifiers for each other?
Yes. With a correlation of 0.15, SPY and TELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPY and TELO?
As of 2026-08-27, the correlation of weekly returns between SPY and TELO is 0.15 over 3 years, 0.27 over 1 year and n/a over 5 years.
Is TELO a good diversifier for SPY?
Yes. With a correlation of 0.15, SPY and TELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-telo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-telo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPY correlations · TELO correlations
