AEP vs SPT: Correlation
American Electric Power (AEP) and Sprout Social, Inc (SPT) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEP and SPT?
Over the past 3 years, AEP and SPT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -249.4 %².
Within AEP's tracked universe of 36 assets, SPT comes in at #28 by 3-year correlation. The last year tells two different stories: AEP led by 41.7 percentage points, +12.1% for AEP against -29.6% for SPT. Note the risk asymmetry: SPT runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AEP vs SPT: side by side
| AEP (American Electric Power) | SPT (Sprout Social, Inc) | |
|---|---|---|
| 1-year return | +12.1% | -29.6% |
| 5-year return | +63.9% | -91.0% |
| Volatility (ann.) | 18.9% | 55.5% |
| Beta vs S&P 500 | -0.01 | 1.43 |
| Max drawdown (3Y) | -13.1% | -92.5% |
| Market cap | $66.8B | $0.7B |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 3.06% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AEP | SPT |
|---|---|---|
| 2022 | +10.4% | -37.7% |
| 2023 | -11.0% | +8.8% |
| 2024 | +18.2% | -50.0% |
| 2025 | +29.4% | -63.3% |
| 2026 | +8.9% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEP and SPT good diversifiers for each other?
Yes. With a correlation of -0.24, AEP and SPT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEP and SPT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.32 over the last year and -0.09 over 5 years.
Is SPT a good diversifier for AEP?
Yes. With a correlation of -0.24, AEP and SPT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aep-vs-spt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aep-vs-spt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEP correlations · SPT correlations
