SPY vs YCBD: Correlation
SPDR S&P 500 ETF Trust (SPY) and cbdMD, Inc. (YCBD) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and YCBD?
Over the past 3 years, SPY and YCBD moved with a correlation of 0.09, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.23 versus 0.09 over 3 years. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 167.6 %².
Among the 4755 assets we track against SPY, YCBD ranks #4185 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 49.1 points (+20.6% versus -28.5%). Risk is not evenly split, since YCBD 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 YCBD: side by side
| SPY (SPDR S&P 500 ETF Trust) | YCBD (cbdMD, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | -28.5% |
| 5-year return | +82.4% | -99.9% |
| Volatility (ann.) | 14.5% | 122.3% |
| Beta vs S&P 500 | 1.00 | 0.80 |
| Max drawdown (3Y) | -18.8% | -95.8% |
| Market cap | – | – |
| P/E (trailing) | – | 2.3 |
| 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 | YCBD |
|---|---|---|
| 2022 | -18.2% | -79.0% |
| 2023 | +26.2% | -89.8% |
| 2024 | +24.9% | -63.9% |
| 2025 | +17.7% | -55.0% |
| 2026 | +13.7% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and YCBD good diversifiers for each other?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between SPY and YCBD?
The SPY/YCBD correlation stands at 0.09 on a 3-year window (1 year: 0.23, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is YCBD a good diversifier for SPY?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
What does a correlation of 0.09 mean?
A reading of 0.09 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-ycbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spy-vs-ycbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPY correlations · YCBD correlations
