SPY vs WNW: Correlation
SPDR S&P 500 ETF Trust (SPY) and Meiwu Technology Company Limited (WNW) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and WNW?
On 3 years of weekly data the SPY/WNW correlation comes out at 0.12, weak. Lately the two have moved closer together, with the 1-year correlation at 0.26 versus 0.12 over 3 years. The 5-year figure is 0.10, and annualized covariance runs at 283.9 %².
By 3-year correlation, WNW places #3975 of the 4755 assets tracked against SPY. Correlation aside, the last 12 months split them widely, with SPY ahead by 118.7 points (+20.6% versus -98.1%). One caveat on sizing: WNW is 11.6 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 WNW: side by side
| SPY (SPDR S&P 500 ETF Trust) | WNW (Meiwu Technology Company Limited) | |
|---|---|---|
| 1-year return | +20.6% | -98.1% |
| 5-year return | +82.4% | -100.0% |
| Volatility (ann.) | 14.5% | 167.8% |
| Beta vs S&P 500 | 1.00 | 1.36 |
| Max drawdown (3Y) | -18.8% | -100.0% |
| 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 | WNW |
|---|---|---|
| 2022 | -18.2% | -91.9% |
| 2023 | +26.2% | -49.4% |
| 2024 | +24.9% | -38.5% |
| 2025 | +17.7% | -96.7% |
| 2026 | +13.7% | -97.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and WNW good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPY and WNW?
As of 2026-08-27, the correlation of weekly returns between SPY and WNW is 0.12 over 3 years, 0.26 over 1 year and 0.10 over 5 years.
Is WNW a good diversifier for SPY?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 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-wnw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-wnw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · WNW correlations
