AVA vs SR: Correlation
How closely do Avista Corporation (AVA) and Spire Inc. (SR) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and SR?
Over the past 3 years, AVA and SR moved with a correlation of 0.71, which is strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.71 over 3. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 277.5 %².
By 3-year correlation, SR places #5 of the 20 assets tracked against AVA. Twelve-month performance is nearly a tie, at +6.9% for AVA and +11.6% for SR.
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.
AVA vs SR: side by side
| AVA (Avista Corporation) | SR (Spire Inc.) | |
|---|---|---|
| 1-year return | +6.9% | +11.6% |
| 5-year return | +15.3% | +53.3% |
| Volatility (ann.) | 19.8% | 19.6% |
| Beta vs S&P 500 | 0.05 | 0.17 |
| Max drawdown (3Y) | -14.0% | -19.4% |
| Market cap | $3.2B | $4.9B |
| P/E (trailing) | 13.8 | 18.2 |
| Dividend yield | 5.15% | 3.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVA | SR |
|---|---|---|
| 2022 | +8.8% | +9.8% |
| 2023 | -15.3% | -5.3% |
| 2024 | +7.8% | +14.1% |
| 2025 | +10.7% | +27.1% |
| 2026 | +1.6% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and SR good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVA and SR?
The AVA/SR correlation stands at 0.71 on a 3-year window (1 year: 0.65, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is SR a good diversifier for AVA?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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/ava-vs-sr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ava-vs-sr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVA correlations · SR correlations
