SPY vs VRME: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and VerifyMe, Inc. (VRME) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and VRME?
Over the past 3 years, SPY and VRME moved with a correlation of 0.07, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.22) than the 3-year average (0.07). Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 116.6 %².
Among the 4755 assets we track against SPY, VRME ranks #4299 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 43.3 points (+20.6% versus -22.7%). One caveat on sizing: VRME is 8.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VRME: side by side
| SPY (SPDR S&P 500 ETF Trust) | VRME (VerifyMe, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -22.7% |
| 5-year return | +82.4% | -80.2% |
| Volatility (ann.) | 14.5% | 118.8% |
| Beta vs S&P 500 | 1.00 | 0.56 |
| Max drawdown (3Y) | -18.8% | -86.3% |
| 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 |
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 | VRME |
|---|---|---|
| 2022 | -18.2% | -63.5% |
| 2023 | +26.2% | -3.4% |
| 2024 | +24.9% | +21.4% |
| 2025 | +17.7% | -55.8% |
| 2026 | +13.7% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and VRME good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and VRME?
The SPY/VRME correlation stands at 0.07 on a 3-year window (1 year: 0.22, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is VRME a good diversifier for SPY?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 mean?
On the −1 to +1 scale, 0.07 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-vrme.json
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[](https://www.pairbook.io/pair/spy-vs-vrme/)
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Related comparisons
Hubs: SPY correlations · VRME correlations
