ACR vs SPWH: Correlation
How closely do ACRES Commercial Realty Corp. (ACR) and Sportsman's Warehouse Holdings, Inc. (SPWH) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACR and SPWH?
Over the past 3 years, ACR and SPWH moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -486.3 %².
By 3-year correlation, SPWH places #8 of the 13 assets tracked against ACR. The last year tells two different stories: ACR led by 25.7 percentage points, -32.4% for ACR against -58.1% for SPWH. Risk is not evenly split, since SPWH carries 2.5 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.
ACR vs SPWH: side by side
| ACR (ACRES Commercial Realty Corp.) | SPWH (Sportsman's Warehouse Holdings, Inc.) | |
|---|---|---|
| 1-year return | -32.4% | -58.1% |
| 5-year return | -14.8% | -93.6% |
| Volatility (ann.) | 32.9% | 83.1% |
| Beta vs S&P 500 | 0.30 | 0.37 |
| Max drawdown (3Y) | -41.3% | -82.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACR | SPWH |
|---|---|---|
| 2022 | -33.8% | -20.3% |
| 2023 | +16.5% | -54.7% |
| 2024 | +67.9% | -37.3% |
| 2025 | +32.1% | -45.3% |
| 2026 | -33.9% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACR and SPWH good diversifiers for each other?
Yes. With a correlation of -0.18, ACR and SPWH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACR and SPWH?
The ACR/SPWH correlation stands at -0.18 on a 3-year window (1 year: -0.10, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is SPWH a good diversifier for ACR?
Yes. With a correlation of -0.18, ACR and SPWH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/acr-vs-spwh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acr-vs-spwh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACR correlations · SPWH correlations
