CME vs SPKL: Correlation
How closely do CME Group (CME) and Spark I Acquisition Corp. - Class A (SPKL) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and SPKL?
Across a 3-year window, the weekly returns of CME and SPKL correlate at 0.28, weak. Recent behaviour matches the longer record: 0.35 over 1 year against 0.28 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 66.1 %².
Among the 47 assets we track against CME, SPKL ranks #9 by 3-year correlation. Neither side won the trailing year by much: +8.1% against +5.5%. Risk is not evenly split, since CME carries 1.7 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.
CME vs SPKL: side by side
| CME (CME Group) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | +8.1% | +5.5% |
| 5-year return | +73.9% | n/a |
| Volatility (ann.) | 20.0% | 11.9% |
| Beta vs S&P 500 | 0.12 | 0.07 |
| Max drawdown (3Y) | -31.1% | -15.7% |
| Market cap | $101.0B | $0.1B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | SPKL |
|---|---|---|
| 2022 | -22.9% | – |
| 2023 | +31.3% | – |
| 2024 | +15.4% | +4.9% |
| 2025 | +19.8% | +7.4% |
| 2026 | +5.9% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and SPKL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CME and SPKL?
The CME/SPKL correlation stands at 0.28 on a 3-year window (1 year: 0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPKL a good diversifier for CME?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CME correlations · SPKL correlations
