CALM vs SPRC: Correlation
How closely do Cal-Maine Foods, Inc. (CALM) and SciSparc Ltd. (SPRC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALM and SPRC?
Across a 3-year window, the weekly returns of CALM and SPRC correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.17, with an annualized covariance of -1400.5 %².
Out of 11 assets tracked against CALM, SPRC lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months CALM outperformed by 53.0 percentage points (-29.7% for CALM against -82.7% for SPRC). One caveat on sizing: SPRC is 6.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CALM vs SPRC: side by side
| CALM (Cal-Maine Foods, Inc.) | SPRC (SciSparc Ltd.) | |
|---|---|---|
| 1-year return | -29.7% | -82.7% |
| 5-year return | +187.0% | -100.0% |
| Volatility (ann.) | 30.5% | 190.8% |
| Beta vs S&P 500 | 0.35 | 2.10 |
| Max drawdown (3Y) | -37.0% | -99.8% |
| Market cap | $3.7B | – |
| P/E (trailing) | 12.5 | 0.1 |
| Dividend yield | 2.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALM | SPRC |
|---|---|---|
| 2022 | +51.9% | -87.9% |
| 2023 | +14.5% | -75.2% |
| 2024 | +87.0% | -92.6% |
| 2025 | -15.6% | -82.0% |
| 2026 | +1.6% | -45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALM and SPRC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CALM and SPRC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.39 over the last year and -0.17 over 5 years.
Is SPRC a good diversifier for CALM?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
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/calm-vs-sprc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/calm-vs-sprc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CALM correlations · SPRC correlations
