SPY vs WIMI: Correlation
How closely do SPDR S&P 500 ETF Trust (SPY) and WiMi Hologram Cloud Inc. - Class B (WIMI) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and WIMI?
Across a 3-year window, the weekly returns of SPY and WIMI correlate at 0.21, weak. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.21 over 3 years. Stretching to 5 years gives 0.19, with an annualized covariance of 375.0 %².
Among the 4755 assets we track against SPY, WIMI ranks #3198 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 85.5 percentage points (+20.6% for SPY against -64.9% for WIMI). Risk is not evenly split, since WIMI carries 8.4 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 WIMI: side by side
| SPY (SPDR S&P 500 ETF Trust) | WIMI (WiMi Hologram Cloud Inc. - Class B) | |
|---|---|---|
| 1-year return | +20.6% | -64.9% |
| 5-year return | +82.4% | -96.7% |
| Volatility (ann.) | 14.5% | 121.5% |
| Beta vs S&P 500 | 1.00 | 1.79 |
| Max drawdown (3Y) | -18.8% | -95.3% |
| Market cap | – | – |
| P/E (trailing) | – | 0.6 |
| 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 | WIMI |
|---|---|---|
| 2022 | -18.2% | -75.7% |
| 2023 | +26.2% | +9.5% |
| 2024 | +24.9% | +128.4% |
| 2025 | +17.7% | -87.2% |
| 2026 | +13.7% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and WIMI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SPY and WIMI?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with 0.57 over the last year and 0.19 over 5 years.
Is WIMI a good diversifier for SPY?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SPY correlations · WIMI correlations
