A vs SPKL: Correlation
Measured on weekly returns over the past three years, Agilent Technologies (A) and Spark I Acquisition Corp. - Class A (SPKL) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and SPKL?
On 3 years of weekly data the A/SPKL correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -55.0 %².
By 3-year correlation, SPKL places #24 of the 33 assets tracked against A. Correlation aside, the last 12 months split them widely, with A ahead by 28.4 points (+33.9% versus +5.5%). One caveat on sizing: A is 2.6 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.
A vs SPKL: side by side
| A (Agilent Technologies) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | +33.9% | +5.5% |
| 5-year return | -7.5% | n/a |
| Volatility (ann.) | 31.0% | 11.9% |
| Beta vs S&P 500 | 0.98 | 0.07 |
| Max drawdown (3Y) | -35.3% | -15.7% |
| Market cap | $44.5B | $0.1B |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | SPKL |
|---|---|---|
| 2022 | -5.5% | – |
| 2023 | -6.4% | – |
| 2024 | -2.7% | +4.9% |
| 2025 | +1.9% | +7.4% |
| 2026 | +16.6% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and SPKL good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between A and SPKL?
The A/SPKL correlation stands at -0.15 on a 3-year window (1 year: -0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPKL a good diversifier for A?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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.
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Related comparisons
Hubs: A correlations · SPKL correlations
