BXP vs SPRB: Correlation
Measured on weekly returns over the past three years, BXP, Inc. (BXP) and Spruce Biosciences, Inc. (SPRB) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and SPRB?
On 3 years of weekly data the BXP/SPRB correlation comes out at -0.13, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.13). The 5-year figure is -0.09, and annualized covariance runs at -4599.9 %².
Within BXP's tracked universe of 45 assets, SPRB comes in at #40 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPRB ahead by 743.4 points (+2.9% versus +746.3%). Risk is not evenly split, since SPRB carries 32.8 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.
BXP vs SPRB: side by side
| BXP (BXP, Inc.) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | +746.3% |
| 5-year return | -18.9% | -99.8% |
| Volatility (ann.) | 33.1% | 1086.4% |
| Beta vs S&P 500 | 1.02 | -7.82 |
| Max drawdown (3Y) | -39.0% | -100.0% |
| Market cap | $12.7B | $0.2B |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | SPRB |
|---|---|---|
| 2022 | -38.6% | -75.4% |
| 2023 | +11.0% | +167.1% |
| 2024 | +12.3% | -85.7% |
| 2025 | -4.7% | -96.3% |
| 2026 | +6.2% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and SPRB good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BXP and SPRB?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.32 over the last year and -0.09 over 5 years.
Is SPRB a good diversifier for BXP?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 mean?
A reading of -0.13 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/bxp-vs-sprb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxp-vs-sprb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BXP correlations · SPRB correlations
