CRM vs SPT: Correlation
Measured on weekly returns over the past three years, Salesforce (CRM) and Sprout Social, Inc (SPT) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and SPT?
Across a 3-year window, the weekly returns of CRM and SPT correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 1166.4 %².
Among the 68 assets we track against CRM, SPT ranks #34 by 3-year correlation. The last year tells two different stories: CRM led by 31.2 percentage points, +1.6% for CRM against -29.6% for SPT.
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.
CRM vs SPT: side by side
| CRM (Salesforce) | SPT (Sprout Social, Inc) | |
|---|---|---|
| 1-year return | +1.6% | -29.6% |
| 5-year return | -3.2% | -91.0% |
| Volatility (ann.) | 37.6% | 55.5% |
| Beta vs S&P 500 | 1.21 | 1.43 |
| Max drawdown (3Y) | -58.7% | -92.5% |
| Market cap | $207.4B | $0.7B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | SPT |
|---|---|---|
| 2022 | -47.8% | -37.7% |
| 2023 | +98.5% | +8.8% |
| 2024 | +27.8% | -50.0% |
| 2025 | -20.2% | -63.3% |
| 2026 | -4.4% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and SPT good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and SPT?
The CRM/SPT correlation stands at 0.56 on a 3-year window (1 year: 0.64, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is SPT a good diversifier for CRM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crm-vs-spt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crm-vs-spt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRM correlations · SPT correlations
