ALKT vs SPSC: Correlation
Alkami Technology, Inc. (ALKT) and SPS Commerce, Inc. (SPSC) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and SPSC?
Across a 3-year window, the weekly returns of ALKT and SPSC correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 1138.7 %².
SPSC is one of the assets that tracks ALKT most closely: it ranks #2 out of the 11 assets we track against ALKT. The trailing year gives ALKT the advantage: -19.5% versus -25.4%, a 5.9-point spread.
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.
ALKT vs SPSC: side by side
| ALKT (Alkami Technology, Inc.) | SPSC (SPS Commerce, Inc.) | |
|---|---|---|
| 1-year return | -19.5% | -25.4% |
| 5-year return | -28.5% | -38.6% |
| Volatility (ann.) | 45.4% | 44.2% |
| Beta vs S&P 500 | 1.31 | 1.10 |
| Max drawdown (3Y) | -65.4% | -76.8% |
| Market cap | $2.2B | $3.0B |
| P/E (trailing) | – | 40.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALKT | SPSC |
|---|---|---|
| 2022 | -27.3% | -9.8% |
| 2023 | +66.2% | +50.9% |
| 2024 | +51.3% | -5.1% |
| 2025 | -37.1% | -51.6% |
| 2026 | -11.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and SPSC good diversifiers for each other?
Only partially. A correlation of 0.57 means ALKT and SPSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALKT and SPSC?
As of 2026-08-27, the correlation of weekly returns between ALKT and SPSC is 0.57 over 3 years, 0.57 over 1 year and 0.56 over 5 years.
Is SPSC a good diversifier for ALKT?
Only partially. A correlation of 0.57 means ALKT and SPSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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.
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Related comparisons
Hubs: ALKT correlations · SPSC correlations
